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 $3,300 F Bickel Corporation Comparison of Actual Results to Planning Budget For the Month Ended November 30 Actual Results Planning Budget Customers served 43,000 42,000 Revenue ($3.509) $ 150,300 $147,000 Expenses: Wages and salaries ($24,200 + $1.329) 80,960 79,640 Supplies ($0.729) 28,840 30, 240 Insurance ($6,100) 6,100 6,100 Miscellaneous expense ($5,100 + $0.419) 20,920 22,320 Total expense 136,820 138,300 Net operating income $ 13,480 $ 8,700 1,320 U 1,400 F 0 None 1,400 F 1,480 F $4,780 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 Revenue Actual and Flexible Results Spending Budget Variances 43,000 43,000 Activity Variances Planning Budget 42,000 Customers served Revenue Expenses: Wages and salaries Supplies Insurance Miscellaneous expense Total expense Net operating income