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		24,000		23,000
Revenue (3.60q)	$	86,700	$	82,800	$	3,900	F
Expenses:
Wages and salaries ($22,300 + $1.13q)		49,420		48,290		1,130	U
Supplies ($0.53q)		10,990		12,190		1,200	F
Insurance ($4,200)		4,200		4,200		0
Miscellaneous expense ($3,200 + $.33q)		9,590		10,790		1,200	F
Total expense		74,200		75,470		1,270	F
Net operating income	$	12,500	$	7,330	$	5,170	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).)