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 Customer served Results Planning Budget Variances 31,000 Revenue ($3.509) 30,000 Expenses $100,300 $105,000 $3,300 Wages and salaries (523,000 - $1.209) 60,200 Supplies (50.600) 59,000 1.2000 16.100 18,000 1.900 Insurance (54,900) 4,900 Miscellaneous expense (55,900 $0.409) 4,900 0 None 14.000 15,900 Total expense 1.900 95,200 92,800 3.600 T Net operating income $ 13,100 $ 7,200 55,400 T 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.o., zero variance). Input all amounts as positive values.) Bickel Corporation Flexible Budget Performance Report For the Month Ended November 30 Revenue Actual and Flexible Activity Planning