Bickel Corporation uses customers served as its measure of activity. The following report compares the planning budget to the actual operating results for the month of November: Variances $ 3,200 F Bickel Corporation Comparison of Actual Results to Planning Budget For the Month Ended November 30 Actual Results Planning Budget Customers served 45,000 44,000 Revenue ($3.509) $157,200 $154,000 Expenses : Wages and salaries ($24,400 + $1.349) 84,700 83,360 Supplies ($0.749) 30,860 32,560 Insurance ($6,300) 6,300 6,300 Miscellaneous expense ($5,300 + $0.439) 22,520 24,220 Total expense 144,380 146,440 Net operating income $ 12,820 $ 7,560 1,340 U 1,700 F 0 None 1,700 F 2,060 F $5,260 F Required: Prepare the company's flexible budget performance report for November. 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.) Bickel Corporation Flexible Budget Performance Report For the Month Ended November 30 Revenue Actual and Flexible Results Spending Budget Variances 45,000 45,000 Activity Variances Planning Budget 44,000 Customers served Revenue Expenses: Wages and salaries Supplies Insurance Miscellaneous expense Total expense Net operating income