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Arrasmith Corporation uses customers served as its measure of activity. During February, the company budgeted for 35,200 customers, but actually served 32,800 customers. The company

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Arrasmith Corporation uses customers served as its measure of activity. During February, the company budgeted for 35,200 customers, but actually served 32,800 customers. The company uses the following revenue and cost formulas in its budgeting, where q is the number of customers served Revenue: $3.70q Wages and salaries: $33,400$1.16q Supplies: $0.56q Insurance: $10,600 Miscellaneous expenses: $6,600 $0.32q The company reported h folowing actual results for February: Revenue Wages and salaries Supplies Insurance Miscellaneous expense $123,800 68,200 14,600 $10,600 18,700 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.)

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