Cicchetti 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 December: Cicchetti Corporation Comparison of Actual Results to Planning Budget For the Month Ended December 31 Actual Planning Budget 29, 500 $141,600 Results Variances Customers served 34,000 $164, 000 Revenue ($4.8q) Expenses: Wages and salaries ($37,1ee + $1.69) Supplies ($0.6q) Insurance ($14, 100) Miscellaneous expense ($7,100 + $0.49) Total expense $22,400 84, 300 17,700 14, 100 18,900 94,600 20,000 14, 350 22,450 151,400 $ 12,600 10, 300 2,300 250 3,550 16, 400 $ 6,000 135, 000 $ 6,600 Net operating income Required: Prepare the company's flexible budget performance report for December. Select each variance as favorable (F), unfavorable (U) or "None". Cicchetti Corporation Flexible Budget Performance Report Part 1 For the Month Ended December 31 Actual Results Revenue and Flexible Budget Spending Variances Customers served Expenses: Prepare the company's flexible budget performance report for December. Selec "None". Cicchetti Corporation Flexible Budget Performance Report Part 1 For the Month Ended December 31 Actual Results Revenue and Flexible Spending Variances Budget Customers served Expenses: Total expenses Net operating income Cicchetti Corporation Flexible Budget Performance Report Part 2 For the Month Ended December 31 Planning Budget Flexible Activity Variances Budget Customers served Expenses: Total expenses Net operating income