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		$	30,490
Technician wages	$	8,300					$	8,150
Mobile lab operating expenses	$	4,600		$	35		$	8,640
Office expenses	$	2,600		$	2		$	2,690
Advertising expenses	$	1,570					$	1,640
Insurance	$	2,870					$	2,870
Miscellaneous expenses	$	940		$	2		$	485

The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,600 plus $35 per job, and the actual mobile lab operating expenses for February were $8,640. The company expected to work 120 jobs in February, but actually worked 122 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.)

Required: Prepare a flexible budget performance report showing AirQual Test Corporation's 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 122 Revenue $30,490 Expenses Technician wages Mobile lab operating Office expenses Advertising expenses Insurance Miscellaneous expenses 8,150 8,640 2,690 1,640 2,870 485 24,475 $ 6,015 expenses Total expense Net operating income