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 $ 278 $ 33,390 Technician wages $ 8,100 $ 7,950 Mobile lab operating expenses $ 4,900 $ 31 $ 8,770 Office expenses $ 2,800 $ 3 $ 3,040 Advertising expenses $ 1,550 $ 1,620 Insurance $ 2,850 $ 2,850 Miscellaneous expenses $ 950 $ 1 $ 385 The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,900 plus $31 per job, and the actual mobile lab operating expenses for February were $8,770. The company expected to work 130 jobs in February, but actually worked 134 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	134
Revenue	$33,390
Expenses:
Technician wages	7,950
Mobile lab operating expenses	8,770
Office expenses	3,040
Advertising expenses	1,620
Insurance	2,850
Miscellaneous expenses	385
Total expense	24,615
Net operating income	$8,775