Cicchetti Corporation uses oustomers served as its measure af activity The folowing report compares the planning budget to the actual operating resuts for the month of December Cicchetti Corporation Comparison of Actual Results to Planning Budget For the Manth Ended December 31 Planning Results Budget Variances 122,800 119,000 3.800 F Revenue 1340 Expenses Wages and salaries ($23.500 $1,25q 68,500 67,250 1.250 U Supplies ($0.65q) 20,450 22,750 2,300 F 5,400 5,400 insurance (S5,400) Miscellaneous expense ($4.400 $34q) 14,000 16,300 2,300 F Total expense 108,350 111,700 3,350 F Net operating income 14,450 7.300 S 7,150 F