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 ofActual Results to Planning Budget

For the Month Ended December 31Actual ResultsPlanning BudgetVariancesCustomers served35,00030,000Revenue ($4.9q)$172,350$147,000$25,350FExpenses:Wages and salaries ($37,200 + $1.7q)99,90088,20011,700USupplies ($0.7q)24,05021,0003,050UInsurance ($14,200)14,50014,200300UMiscellaneous expense ($7,200 + $0.5q)26,50022,2004,300UTotal expense164,950145,60019,350UNet operating income$7,400$1,400$6,000F

Required:

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