21 01:47:28 Arrasmith Corporation uses customers served as its measure of activity. During February, the company budgeted for 36,400 customers, but actually served 27,600 customers. The company uses the following revenue and cost formulas in its budgeting, where q is the number of customers served: Revenue: $4.90q Wages and salaries: $34,600 +$1.52q Supplies: $0.92q Insurance: $11,800 Miscellaneous expenses: $7,800 + $0.44q The company reported the following actual results for February: Revenue Wages and salaries Supplies Insurance Miscellaneous expense Required: $ 147,800 $ 69,400 $ 15,800 $ 11,800 $ 24,700 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 (i.e., zero variance). Input all amounts as positive values.) Arrasmith Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Results Revenue and Spending Variances Flexible Budget Activity Variances Planning Budget Customers served 27,600 27,600 36,400 Revenue $ 147,800 Expenses: Wages and salaries Supplies Insurance Miscellaneous expense Total expense Net operating income