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 $ 5,100 U Bickel Corporation Comparison of Actual Results to Planning Budget For the Month Ended November 30 Actual Results Planning Budget Customer served 25, 120 25,800 Revenue ($3.609) $ 89,700 693,200 Expenses: Wages and salaries ($23,000+ $1.209) 49.700 54,600 Supplies (50.500) 13,800 13,300 Insurance ($ 6,500) 6,400 6,500 Miscellaneous expense (55,300 $0.40) 12,700 16,900 Total expense 80,200 89, 700 Net operating income $ 7,100 5 5,900 4,100 1.3000 100 None 2.400 500 $ 2,000 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 "P" for favorable, "U" for unfavorable, and "None" for no effect (le, 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 25.120 25. 120 25 800 Cool Customer served AA Net operating income $ 7,100 $ 5,900 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 25,120 25,800 25,120 Customers served $93.200 Revenue $ 89.700 Expenses Wages and salaries Supplies Insurance Miscellaneous expense Total expense Net operating income 49,700 13,800 6.400 12,700 80.200 7.100 54,600 13300 6,500 16.900 89,700 $5.900 $