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 $ 4,400 u Bickel Corporation Comparison of Actual Results to Planning Budget For the Month Ended November 30 Actual Results Planning Budget Customers served 24, 140 25,100 Revenue ($3.609) $ 86,200 $ 90,400 Expenses : Wages and salaries ($22,300 + $1.209) 49,000 52,500 Supplies ($0.509) 13,100 12,600 Insurance ($ 5,800) 5,700 5,800 Miscellaneous expense ($4,600 + $0.409) 12,000 14,800 Total expense 79,500 85,500 Net operating income $ 6,400 $ 5,200 3,400 F 600 U 100 None 2,700 F 5,600 F $ 1,300 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 Actual Results Revenue and Spending Flexible Variances Budget Activity Variances Planning Budget Customers served 24,140 24,140 25,100 Revenue Expenses: Wages and salaries Supplies Insurance Miscellaneous expense Total expense Net operating income