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		44,000		43,000
Revenue (3.60q)	$	158,100	$	154,800	$	3,300	F
Expenses:
Wages and salaries ($24,300 + $1.33q)		82,820		81,490		1,330	U
Supplies ($0.73q)		29,790		31,390		1,600	F
Insurance ($6,200)		6,200		6,200		0
Miscellaneous expense ($5,200 + $.42q)		23,100		23,260		160	F
Total expense		141,910		142,340		430	F
Net operating income	$	16,190	$	12,460	$	3,730	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).)