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 Customers served Revenue ($3.60q) Expenses: Wages and salaries ($23,000 +$1.20q) Supplies ($0.50g) Insurance ($ 6,100) Miscellaneous expense ($4,900 + $0.40g) Total expense Actual Results 24,800 $ 88,500 49,300 Planning Budget 26,000 $ 93,600 Variances $ 5,100 U 13,800 54,200 13,000 6,000 6,100 12,300 15,300 81,400 88,600 4,900 F 800 U 100 None 3,000 F 7,200 F $ 7,100 $ 5,000 $ 2,100 F Net operating income 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 (l.e., zero variance). Input all amounts as positive values. Bickel Corporation Flexible Budget Performance Report For the Month Ended November 30 Revenue and Spending Variances Actual Results Customers served 24.800 Revenue Expenses: Wages and salaries Supplies Flexible P Activity Variances Budget E 24,800