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Arrasmith Corporation uses customers served as its measure of activity. During February, the company budgeted for 35,800 customers, but actually served 29,200 customers. The company

image text in transcribed Arrasmith Corporation uses customers served as its measure of activity. During February, the company budgeted for 35,800 customers, but actually served 29,200 customers. The company uses the following revenue and cost formulas in its budgeting. where q is the number of customers served: Revenue: $4.30q Wages and salaries: $34,000+$1.34q Supplies: $0.74q Insurance: $11,200 Miscellaneous expenses: $7,200+$0.38q The company reported the following actual results for February: Revenue Wages and salaries Supplies Insurance Miscellaneous expense Required: Prepare the company's flexible budget performance report for February. Label each variance as favorable (F) or unfavorable (U). Note: Indlcate the effect of each varlance by selecting "F" for fovorable, "U" for unfavorable, ond "None" for no effect (l.e., zero vorlance). Input all amounts as positlve volues

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