Arrasmith Corporation Flexible Budget Performance Report For the Month Ended February 28 ABC Corporation uses customers served as its measure of activity. During February, the company budgeted for 36,500 customers, but actually served 27,500 customers. The company uses the following revenue and cost formulas in its budgeting, where q is the number of customers served: Revenue: $5.00q Wages and salaries: $34,700+$1.55q Supplies: $0.95q Insurance: $11,900 Miscellaneous expenses: $7,900+$0.45q The company reported the following actual results for February: Required: 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.)