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: Customers served Revenue ($3.604) Expenses: Bickel Corporation. Comparison of Actual Results to Planning Budget For the Month Ended November 30 Actual Results 27,400 $ 97,600 Wages and salaries ($25,600 +$1.20q) Supplies ($0.50q) Insurance ($ 7,400) Miscellaneous expense ($6,200 + $0.40q) Total expense Net operating income Planning Budget 29,250 $ 105,300 Variances $ 7,700 U 50,600 60,700 16,400 14,625 7,300 7,400 13,600 17,900 87,900 100,625 10,100 F 1,775 U 100 F 4,300 F 12,725 F $ 9,700 $ 4,675 $ 5,025 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 Actual Results Revenue and Spending Variances Flexible Budget Activity Variances Planning Budget Customers served 27,400 27,400 29,250 Revenue S 0 $ $ 0 $ 0 $ 0 Expenses Wages and salaries Supplies Insurance Miscellaneous expense Total expense Net operating income $ 0 $ 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 $ 0 $ 0 $ 0