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 Bickel Corporation Comparison of Actual Results to Planning Budget For the Month Ended November 30 Actual Results Planning Budget Variances Customers served 36,080 35,000 Revenue ($3.409) $122,300 $119,000 $3,300 F Expenses: Wages and salaries (523,500 - $1.25) + 68,500 67,250 1,250 W Supplies (50.659) 20,450 22,750 2,300 F Insurance (55,400) 5,400 5,400 0 None Miscellaneous expense ($4,400 + $0.349) 14,000 16,300 2,300F Total expense 108,350 111,700 3,350 F Net operating income $ 13,950 57,300 $7,150 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 (ie, zero variance). Input all amounts as positive values.) Bickel Corporation Flexible Budget Performance Report For the Month Ended November 30 Revenue Actual and Flexible Rosults Spending Budget Variances 36,000 36,000 Activity Variances Planning Budget 35,000 Customer served Revenue Expenses Wages and salaries Supplies Insurance Miscellaneous expense Total expense Net operating income