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 Results Planning Budget Variances Customers served 22,000 21,000 Revenue ($3.409) $ 74,600 $71,400 $3,200 F Expenses : Wages and salaries ($22,100 + $1.11) 46,520 1,110 U Supplies ($0.519) 9,710 10,710 1,000 Insurance ($4,000) 4,000 Miscellaneous expense ($3,000 + $0.319) 4,000 0 None 8,510 9,510 1,000 F Total expense 68,740 69,630 890 F Net operating income $ 5,860 $ 1,770 $4,090 P 45,410 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 Results Spending Budget Variances 22.000 22,000 Activity Variances Planning Pudget 21,000 Customers served Revenue Expenses: Wages and salaries Supplies Insurance Miscellaneous expense Total expense Net operating income