AirQual Test Corporation provides on-site air quality testing services. The company has provided the following cost formulas and actual results for the month of February:

	Fixed Component per Month			Variable Component per Job			Actual Total for February
Revenue				$	277		$	38,800
Technician wages	$	8,400					$	8,250
Mobile lab operating expenses	$	4,800		$	30		$	9,140
Office expenses	$	2,500		$	3		$	2,800
Advertising expenses	$	1,570					$	1,640
Insurance	$	2,900					$	2,900
Miscellaneous expenses	$	930		$	2		$	535

The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,800 plus $30 per job, and the actual mobile lab operating expenses for February were $9,140. The company expected to work 150 jobs in February, but actually worked 154 jobs.

Required:

Prepare a flexible budget performance report showing AirQual Test Corporations revenue and spending variances and activity variances for February. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)

AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Results Flexible Budget Planning Budget Jobs 154 Revenue $ 38,800 Expenses Technician wages Mobile lab operating Office expens Advertising expenses Insurance Miscellaneous expenses 8,250 9,140 2,800 1,640 2,900 535 25,265 $ 13,535 expenses es Total expense Net operating income