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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				$	280		$	33,650
Technician wages	$	8,300					$	8,150
Mobile lab operating expenses	$	4,900		$	35		$	9,290
Office expenses	$	2,800		$	4		$	3,170
Advertising expenses	$	1,590					$	1,660
Insurance	$	2,870					$	2,870
Miscellaneous expenses	$	960		$	2		$	525

The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,900 plus $35 per job, and the actual mobile lab operating expenses for February were $9,290. The company expected to work 130 jobs in February, but actually worked 140 jobs.

Required:

Prepare a flexible budget performance report showing AirQual Test Corporations revenue and spending variances and activity variances for February.

	AirQual Test Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Results Flexible Budget Planning Budget Jobs 140 Revenue $33,650 Expenses: Technician wages 8,150 Mobile lab operating expenses 9,290 Office expenses 3,170 Advertising expenses 1,660 Insurance 2,870 Miscellaneous expenses 525 Total expense 25,665 Net operating income $7,985

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