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 43,000 42,000 Revenue (53.504) $150 $147, ce $3,300 F Expenses: Wages and salaries ($24,200 + $1.324) 80,960 79,640 1,320 U Supplies ($0.729) 28,840 30,240 1,400 F Insurance (56,100) 6,180 6,100 None Miscellaneous expense (55,100 + $0.419) 20.920 22,320 1,400 Total expense 136,820 138,300 1,480 F Net operating Income $ 13,450 $8,700 $4,750 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.) Required: Prepare the company's flexible budget performance report for November Label each variance as favorable (P) or unfavorable (U) (Indicate the effect of each variance by selecting "P" 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 Endod November 30 Revenue Actual and Flexible Results Spending Budget Variances 43,000 43,000 Activity Variances Planning Budget 42,000 Customer served Revenue Expenses Wages and salaries Supplies Insurance Miscellaneous expense Total expense Net operating income