Arrasmith Corporation uses customers served as its measure of activity. During February, the company budgeted for 36,100 customers, but actually served 27900 customers. The company uses the following revenue and cost formulas in its budgeting, where is the number of customers served: 3:40 Revenue: $4.609 Wages and salaries: $34,300 $1439 Supplies: $0.834 Insurance: $11,500 Miscellaneous expenses $7.500 $0.419 The company reported the following actual results for February Revenue Mapes and salaries Supplies Insurance Miscellaneous expense $141.800 $ 69,100 $15.500 $ 11,50 $ 23,200 Required: Prepare the company's flexible budget performance report for February Label each variance as favorable (F) or unfavorable (U). (Indicate the effect of coch variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance). Input all amounts as positive values.) 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 varionce by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts os positive values.) 1:47:41 Arrasmith Corporation Flexible Budget Performance Report For the Month Ended February 28 Revenue and Actual Results Spending Variances Budget 27 900 27.900 Flexible Activity Variances Planning Budget 36.100 Customer served Revenue Expenses Wages and sales Supplies Insurance Miscellaneous exponse Total expense Not operating income