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 $ 5,800 U Bickel Corporation Comparison of Actual Results to Planning Budget For the Month Ended November 30 Actual Results Planning Budget Customers served 26,100 26,500 Revenue ($3.60) $ 93,200 $ 95,000 Expenses Wages and salaries ($23,700 + $1.209) 50,400 56,700 Supplies ($0.509) 14,500 14,000 Insurance ($ 7,200) 7,100 7,200 Miscellaneous expense ($6,000 + $0.409) 13,400 19,000 Total expense 80,900 93,900 Net operating income $ 7,800 $ 6,600 4,800 F 2,000 U 100 None 4,100 7.000 F $ 2,700 Y 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 Actual Results Revenue and Spending Variances Flexible Budget Activity Variances Planning Budget Customers served 26,100 26,100 26,500 Revenue Expenses Wages and salaries Supplies Insurance Miscellaneous expenso Total expense Net operating income