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 Customers served Revenue ($3.60q) Expenses: Wages and salaries ($23,300+ $1.20q) Supplies ($0.50q) Insurance ($ 6,800) Miscellaneous expense ($5,600 + $0.40q) Total expense Net operating income Required: Actual Results Planning Budget 25,540 $ 91,200 Variances 26,100 $ 94,400 $ 5,400 U 50,000 55,500 14,100 13,600 4,400 F 1,600 U 6,700 6,800 100 None 13,000 17,800 80,500 91,500 3,700 F 6,600 F $ 7,400 $ 6,200 $ 2,300 F 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 Flexible Variances Budget Activity Variances Planning Budget Customers served 25,540 25,540 26,100 Revenue Expenses: Wages and salaries Supplies Insurance Miscellaneous expense Total expense Net operating income