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 Bickel Corporation Comparison of Actual Results to Planning Budget For the Month Ended November 30 Actual Planning Results Budget Customers served 43,880 4 2,000 Revenue ($3.589) $ 150,300 $147,000 Expenses: Wages and salaries ($24, 200 + $1.329) 80,960 79,640 Supplies ($0.729) 28,840 30, 240 Insurance ($6,100) 6,100 6,100 Miscellaneous expense ($5,100 + $0.419) 20,920 22,320 Total expense 136,820 138,389 Net operating income $ 13,480 5 8,780 $3,389 F 1,320 U 1,400 F None 1,400 F 1,480 F $4,780 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 (l.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 43.000 43.000 Activity Variances Planning Budget 42.000 Customer served Planning Budget 42,000 $147,000 Variances $3,309 F For the Month Ended November 30 Actual Results Customers served 43,000 Revenue (53.589) $ 150, 300 Expenses: Wages and salaries ($24,200 + $1.329) 80,960 Supplies ($9.729) 28,840 Insurance ($6,100) 6,109 Miscellaneous expense (55,100 + $0.419) 20,920 Total expense 136,820 Net operating income $ 13,480 79,640 30,240 6,100 22, 320 138,300 5 8,700 1,320 U 1,400 F @ None 1,400 F 1,480 F $4,780 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 varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero varlance). 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 43,000 43.000 Activity Variances Planning Budget 42.000 Customers served Revenue expenses Wapes and salaries Supplies Insurance Miscellaneous expende Total expense Net operating income