10 Bickel Corporation uses customers served as its measure of activity. The following report compares the planning budget to t operating results for the month of November: 8 00:39:27 Bickel Corporation Comparison of Actual Results to Planning Budget For the Month Ended November 30 Actual Results Planning Budget Variances Customer served 28,000 27,000 Revenue ($3.500) $ 97,900 $94,500 $3,400 F Expenses : Wages and salaries ($22,700 + $1.179) 55,460 54,290 1,170 U Supplies ($0.579) 13,790 15,390 1,600 F Insurance ($4,600) 0 None Miscellaneous expense ($3,600 + $0.379) 11,990 1 3,590 1,600 F Total expense 85,840 8 7,870 2,030 F Net operating income $12,060 $ 6,630 $5,930 P Required: Prepare the company's flexible budget performance report for November. Label each variance as favorable (F) or unfavorable (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance). Input all amounts as positive values.) Bickel Corporation Flexible Budget Performance Report For the Month Ended November 30 Revenue Actual Flexible Results Spending Budget Variances 28,000 28,000 and Activity Variances Planning Budget 27,000 Customers served Revenue Expenses: Wages and salaries Suppies Insurance UICOLUL CUCULUI COCHI Varalice UY SCIGLLY CUI ILVIODIC Tor unavorable and None variance). Input all amounts as positive values.) Bickel Corporation Flexible Budget Performance Report For the Month Ended November 30 Revenue Actual and Flexible Results Spending Budget Variances 28,000 28,000 Activity Variances Planning Budget Customers served 27,000 Revenue Expenses: Wages and salaries Supplies Insurance Miscellaneous expense Total expense Net operating income