Arrasmith Corporation uses customers served as its measure of activity. During February, the company budgeted for 35,900 customers, but actually served 28,600 customers. The company uses the following revenue and cost formulas in its budgeting, where qis the number of customers served Revenue: $4400 Wages and salaries $34100 $1379 Supplies $0.774 Insurance $11,300 Miscellaneous expenses. $7.300 $0.399 The company reported the following actual results for February Revenge Moses and salaris Supplies Insurance Miscellaneous expens $ 127,300 $68,900 $ 15,00 $ 11,00 22.200 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 (ie, zero variance). Input all amounts on positive values.) Aramith Corporation Flexible Budget Performance Report For the Month Ended February 28 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 (1.e., zero variance). Input all amounts as positive values.) Artasmith 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 28 600 28,600 35 900 Revenue Expenses Wages and salanes Supplies Insurance Miscellaneous expense Total expense Net operating income