Arrasmith Corporation uses customers served as its measure of activity. During February, the company budgeted for 36,900 customers, but actually served 27.100 customers. The company uses the following revenue and cost formulas in its budgeting, where q is the number of customers served: Revenue: $5.40q Wages and salaries: $35,100 + $1.67q Supplies: $1.07q Insurance: $12,300 Miscellaneous expenses: $8,300 + $0.49q The company reported the following actual results for February Revenue Wages and salaries Supplies Insurance Miscellaneous expense Required: $ 157,800 $ 69,900 $ 16,300 $ 12,300 $ 27,200 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.) Arrasmith 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 27,100 27,100 36,900 Revenue $157,800 $ 199,260 Expenses Wages and salaries 69.900 Supplies 16.300 Insurance Miscellaneous expense Total expense 12,300 27,200 125,700 Net operating income $ 32,100 96,723 39,483 12,300 26,381 174,887 $ 24,373