Crovo Corporation uses customers served as its measure of activity. During December, the company budgeted for 45,000 customers, but actually served 47,000 customers. The company has provided the following data concerning the formulas used in its budgeting and its actual results for December:

Data used in budgeting:

	Fixed element per month			Variable element per customer
Revenue				$	2.70
Wages and salaries	$	20,600		$	0.92
Supplies	$	0		$	0.57
Insurance	$	7,600		$	0.00
Miscellaneous	$	3,600		$	0.37

Actual results for December:

Revenue	$	122,400
Wages and salaries	$	62,000
Supplies	$	24,890
Insurance	$	9,600
Miscellaneous	$	24,890

Required:

Complete the report showing the company's revenue and spending variances for December. (Input all amounts as positive values. Leave no cells blank - be certain to enter "0" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Omit the "$" sign in your response.)

Crovo Corporation Revenue and Spending Variances For the Month Ended December 31
	Flexible Budget		Actual Results		Revenue and Spending Variances
Customers served
Revenue	$		$		$
Expenses:
Wages and salaries
Supplies
Insurance
Miscellaneous
Total expense
Net operating income	$