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 39,000 38,000 Revenue (3.60q) $ 140,500 $ 136,800 $ 3,700 F Expenses: Wages and salaries ($23,800 + $1.28q) 73,720 72,440 1,280 U Supplies ($0.68q) 23,240 25,840 2,600 F Insurance ($5,700) 5,700 5,700 0 Miscellaneous expense ($4,700 + $.37q) 16,160 18,760 2,600 F Total expense 118,820 122,740 3,920 F Net operating income $ 21,680 $ 14,060 $ 7,620 F Required: 1. Prepare a report showing the companys revenue and spending variances for December.