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 Results			Planning Budget			Variances
Customers served		35,000			30,000
Revenue ($4.9q)	$	172,350		$	147,000		$	25,350		F
Expenses:
Wages and salaries ($37,200 + $1.7q)		99,900			88,200			11,700		U
Supplies ($0.7q)		24,050			21,000			3,050		U
Insurance ($14,200)		14,500			14,200			300		U
Miscellaneous expense ($7,200 + $0.5q)		26,500			22,200			4,300		U
Total expense		164,950			145,600			19,350		U
Net operating income	$	7,400		$	1,400		$	6,000		F

Required:

Prepare the company's flexible budget performance report for December. Select each variance as favorable (F), unfavorable (U) or "None".

Cicchetti corportation flexible budget performance report part 1 for month ended december 31

actual results revenure and spending variances flexible budger

Customers server

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Expenses:

Total expenses

net operating income

Cicchetti corportation flexible budget performance report part 2 for month ended december 31

flexible budget activity variances planning budget

Customers server

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Expenses:

Total expenses

net operating income