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Arrasmith Corporation uses customers served as its measure of activity. During February, the company budgeted for 3 6 , 3 0 0 customers, but actually

Arrasmith Corporation uses customers served as its measure of activity. During February, the company budgeted for 36,300 customers, but actually served 27,700 customers. The company uses the following revenue and cost formulas in its budgeting, where q is the number of customers served: Revenue: $4.80qWages and salaries: $34,500+ $1.49qSupplies: $0.89qInsurance: $11,700Miscellaneous expenses: $7,700+ $0.43q The company reported the following actual results for February: Revenue$ 145,800Wages and salaries$ 69,300Supplies$ 15,700Insurance$ 11,700Miscellaneous expense$ 24,200 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 (i.e., zero variance). Input all amounts as positive values.)

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