Arrasmith Corporation uses customers served as its measure of activity. During February, the company budgeted for 35,600 customers, but actually served 30,400 customers. The company uses the following revenue and cost formulas in its budgeting. where q is the number of customers served: Revenue: $4.10q Wages and salaries: $33.800 + $1.28q Supplies: $0.68q Insurance: $11,000 Miscellaneous expenses: $7,000 + $0.36g The company reported the following actual results for February: Revenue $ 131, 209 Wages and salaries $ 68, 608 Supplies $ 15, 208 Insurance $ 11, 208 Miscellaneous expense $ 20,708 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 varlance 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 Revenue and Spending Flexible Planning Results Variances Budget Activity Variances Budget Customers served 80,400 30,400 35.600 Revenue Expenses: Wages and salaries Supplies Insurance Miscellaneous expense Total expense Net operating income