10 R 01:46.20 Arrasmith Corporation uses customers served as its measure of activity During Futury, the c customers, but actually served 28.000 customers. The company uses the folowing revenue p q in the number of customers served Revenue $4.50g Wages and salaries: $34,200 $1.400 Supplies: $0.800 Insurance: $11,400 Miscellaneous expenses: $7,400 + $0.40q The company reported the following actual results for February: Revenue Wages and salaries Supplies Insurance Miscellaneous expense Required: $ 139,800 $ 69,000 $ 15,400 $ 11,400 $ 22,700 Prepare the company's flexible budget performance report for February. Label each variance as favorable (F) or unfavorable (U). (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.) Arresmith Corporation Flexibis Budget Performance Report For the Month Ended February 28 Revenue and Spanding Variances Actual Results Customers served 28,000 Revenue Expenses: Wages and salaries Supplies Insurance Miscellaneous expense otal expense t operating income Flexible Budget Activity Variances Peg Budget 28,000 38,000