11) Satoe Corporation uses customers served as its measure of activity. During April, the company budgeted for 21,000 customers, but actually served 23,000 customers. The company has provided the following data concerning the formulas used in its budgeting and its actual results for April: Data used in budgeting: Variable element per customer $3.00 $0.80 $0.60 $0.00 $0.20 Fixed element Revenue Wages and salaries Supplies Insurance Miscellaneous expense. per month $23,500 $4.700 $0 $3,600 Actual results for April: Revenue Wages and salaries Supplies Insurance Miscellaneous expense.$9,300 ..$70,000 $42,800 $11,100 ....$4,500 Required: (20 Points) Prepare the company's flexible budget performance report showing both the activity variances and the revenue/spending variances for April. Label each variance as favorable (F) or unfavorable (U). Put your answer on the next page