1. Vision and Audio is a small owner-managed business that specializes in the installation of television and audio equipment for customers with high-end home theatre systems. The company has provided the following data concerning its most recent month of operations:

	Budgeted Fixed Component per Month	Budgeted Variable Component per Installation	Actuals for October
Revenue				$	550		$	52,250
Installer wages	$	17,200						16,900
Selling and administrative expenses		1,225			15			2,804
								(1,304	fixed)
Office expenses		5,400			3			5,416
								(5,112	fixed)
Marketing expenses		3,160						3,300
Insurance		300						300
Miscellaneous expenses		550			2			709
								(538	fixed)

The company uses the number of installations as its measure of activity. For example, selling and administrative expenses should be $1,225 plus $15 per job, and the actual selling and administrative expenses for October were $2,804. The company expected to do 100 installations in October, but actually did 95.

Required: Prepare a comprehensive performance report for October. Assume that the static budget for October was based on an activity level of 100 jobs. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).