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:

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) next to the variances columns. Input all amounts as positive values.)

Bickel Corporation Comparison of Actual Results to Planning Budget For the M nth Ended November 3 Actual Results Planning Budget Variances Customers served Revenue ($3.60q) Expenses: 44,000 $158,10e 43,000 $154, 80e $3,300 F Wages and salaries ($24, 300 $1.33q) Supplies $0.73q) Insurance ($6, 200) Miscellaneous expense ($5,200 $0.42q) 81,49e 31, 39e 6,200 23,260 142,340 1,330 u 1,600 F 82,820 29,790 6, 200 23, 1 141,910 $ 16,19e None 430 F $12,460 3,730 F Total expense Net operating income