BabyBurr Enterprises uses customers served as its measure of activity. During February, the company budgeted for 36.500 customers. but actually served 27.500 customers. The company uses the following revenue and cost formulas in its budgeting, where is the number of customers served: Revenue: $5.000 Wages and salaries: $34.700 - $1.559 Supplies: $0.950 Insurance: $11,900 Miscellaneous expenses: $7.900 - $0.450 The company reported the following actual results for February Revenue Wages and salaries Supplies Insurance Miscellaneous expense $149,800 $ 69,500 $ 15,900 $ 11,900 $ 25, 280 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 (1.e., zero varlance). Input all amounts as positive values.) Arrasmith Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Revenue and Flexible Results Spending Budget Variances 27,500 27.500 Activity Variances Planning Budget 38,500 Customers served Revenue Expenses Wages and salaries Supplies Insurance Miscellaneous expense Total expense Net operating income