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		43,000		42,000
Revenue (3.50q)	$	150,300	$	147,000	$	3,300	F
Expenses:
Wages and salaries($24,200 + $1.32q)		80,960		79,640		1,320	U
Supplies ($0.72q)		28,840		30,240		1,400	F
Insurance ($6,100)		6,100		6,100		0
Miscellaneous expense ($5,100 + $.41q)		20,920		22,320		1,400	F
Total expense		136,820		138,300		1,480	F
Net operating income	$	13,480	$	8,700	$	4,780	F

Required:

1.	Prepare a report showing the company?s revenue and spending variances for December. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).)