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:

$\backslash$table$[[$Bickel Corporation$],[$Comparison of Actual Results to Planning Budget$]]$

For the Month Ended November $30$

Actual Results

Required:

Prepare the company's flexible budget performance report for November. Label each variance as favorable $($F$)$ or unfavorable $($U$).$ Note: 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.

$\backslash$table$[[\backslash$table$[[$Bickel Corporation$],[$Flexible Budget Performance Report$]]],[\backslash$table$[[$Flexible Budget Performance Report$],[$For the Month Ended November $30]]],[,\backslash$table$[[$For$],[$Actual$],[$Results$]],\backslash$table$[[$the Month Ended Novemt$],[$Revenue and Spending$],[$Variances$]],\backslash$table$[[$Flexible$],[$Budget$]],$Activity Variances,$\backslash$table$[[$Planning$],[$Budget$]]],[$Customers served,$24,700,,24,700,,25,500],[$Revenue$,,,,1,],[\backslash$table$[[$Expenses:$],[$Wages and salaries$]]],[\backslash$table$[[$Wages and salaries$],[$Supplies$]]],[\backslash$table$[[$Supplies$],[$Insurance$]]],[\backslash$table$[[$Insurance$],[$Miscellaneous expense$]]],[\backslash$table$[[$Miscellaneous expense$],[$Total expense$]],,],[\backslash$table$[[$Total expense$],[$Net operating income$]]],[$Net operating income,,,,$L,]]$