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 $3,400 F Bickel Corporation Comparison of Actual Results to Planning Budget For the Month Ended November 30 Actual Planning Results Budget Customers served 40, eee 39,000 Revenue ($3.489) $ 136, eee $132,600 Expenses : Wages and salaries ($23,908 + $1.299) 75,500 74,210 Supplies ($0.699) 24,210 26,910 Insurance ($5,880) 5,800 5,800 Miscellaneous expense (54,800 + $0.389) 16.920 19,620 Total expense 122,430 126,548 Net operating income $ 13,570 $ 6,060 1,29e U 2,700 F None 2,700 F 4,110 F $8,018 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 E 2 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 (.e., zero variance). Input all amounts os positive values.) Bickel Corporation Flexible Budget Performance Report For the Month Ended November 30 Revenue Actual and Flexible Results Spending Budget Variances 40.000 40.000 Activity Variances Planning Budget Carstomers served 39.000 Revenue Expenses Wages and salaries Supplies Insurance Miscellaneous expense Total expense Not operating income