(7 marks) FGH Corporation uses customers served as its measure of activity. The following report compares the planning budget to the actual operating results for the month of November: Comparison of FGH Corporation Actual Results to Planning Budget For the Month Ended November 30 Planning Budget Expenses: Customers served Revenue ($3.40g) Wages and salaries ($22,600 + $1.169) Actual Results 27,000 Variances $91,200 26,000 $88,400 $2,800 F 53,920 52,760 1,160 U Supplies ($0.56g) Insurance ($4,500) Total expense Net operating income. 13,060 14,560 1,500 F 4,500 4,500 0 None Miscellaneous expense ($3,500+ $0.36q) 11,360 12,860 1,500 F 82,840 84,680 1,840 F $ 8,360 $ 3,720 $4,640 F Required: Prepare the company's Comprehensive 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 (i.e., zero variance). Input all amounts as positive values.) FGH Corporation Comprehensive Performance Report For the Month Ended November 30 Customers served Revenue Expenses: Wages and salaries Supplies Insurance Miscellaneous expense Total expense Net operating income Flexible Actual Budget Results Variance 27,000 Flexible Budget Sales Volume Variance Planning Budget 27,000 26,000