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		31,000		30,000
Revenue (3.50q)	$	108,800	$	105,000	$	3,800	F
Expenses:
Wages and salaries ($23,000 + $1.20q)		60,200		59,000		1,200	U
Supplies ($0.60q)		16,100		18,000		1,900	F
Insurance ($4,900)		4,900		4,900		0
Miscellaneous expense ($3,900 + $.40q)		14,000		15,900		1,900	F
Total expense		95,200		97,800		2,600	F
Net operating income	$	13,600	$	7,200	$	6,400	F

Required:

1.	Prepare a report showing the companys 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).)