Bickel Corporation Comparison of Actual Results to Planning Budget For the Month Ended November 30 Actual Customers served Results Planning Budget Variances 40,000 Revenue ($3.409) 39,000 $136,000 $132,600 Expenses: $3,400 F Wages and salaries ($23,900 + $1.299) 75,500 Supplies ($0.699) 74,210 1,290 U 24,210 Insurance ($5,808) 26,918 2,700 F 5,800 5,800 @ None Miscellaneous expense (54,800 + 50.389) 16,920 Total expense 19,620 2,700 F 122,430 126,540 4,110 F Net operating income $ 13,570 $ 6,060 $7,510 F Required: Prepare the company's flexible budget performance report for November. Label each variance as favorable (F) or unfavo (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., variance). Input all amounts as positive values.) Bickel Corporation Flexible Budget Performance Roport For the Month Ended November 30 Revenue Actual and Flexible Results Spending Budget Variances 40,000 40,000 Activity Variances Planning Budget 39,000 Customers served Revenue Expenses Wages and salaries Supplies Insurance Miscellaneous expense & Dr