3 Micket Corporation des customer served as is measure of activity. The following report compares the planning budget to the actual operating results for the month of November 03 Variances Comparison of Actual Results to Planning budget Bickel Corporation For the Month Ended November 30 Actuat Results Planning Budget Customer served 26,380 26,700 Revenue (1360) 3.94,200 Expenses Wages and salaries ($23.900 - $1.24) 50,660 Supplies (50.500) 57.30 14,700 14,200 Insurance is 7.400 7.300 7.400 Miscellaneous expense (56,200 + $0.409) 13.600 19.50 Total expense B1100 95.00 Net operating income 5,000 F 2,200 W 100 None 4,300F 726F 5 2.900 Required: Prepare the company's flexible budget performance report for November 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.) nickel Corporation Please Budget Performance Report For the Month Ended November 30 Actual Results Revenue and Spending Flexible Variances Budget Active Variances Planning Budget 26,300 26,380 26,700 Customers Rev Expenses Wages and salaris 7.30 11. Insurance is 7.10) Miscellaneous expense (16,200 $0.41 Total experte Het operating income 3 7.400 19.640 95100 16,000 100 None 0.01 FB. 13,000 Required: Prepare the company flexible budget performance report for Novembet Label each variance as favorable or unfavorable Indicate the effect of each variance by selecting "P" for favorable, "U" for unfavorable, and "None" for no effect tero variance). Input all amounts as positive values Bel Corporation Flexible Budget Performance Repen For the Month Ended November 30 Actual Revenue and Spending able Variance Budget Activity Variances Pansing Budget Customer served 26,300 26.380 20,700 Expo Wages and are Apple surance Miscellaneous expense Total expense Net operating income