Help Save Customers served are used by a company as the level of activity. This report compares the planning budget to the actual results for the month of June: The Company Comparison of Actual Results to Planning Budget For the Month Ended June 30 Actual Results Planning Budget Variances Customers served 41,000 40,000 Revenue ($3.500) $143,000 $140,000 $3,000 F Expenses: Wages and salaries ($24,000 + $1.300) 77, 300 76,000 1, 3000 Supplies ($0.709) 25, 200 25,000 2,800 E Insurance ($5,900) 900 5,900 0 None Miscellaneous expense ($4,900 + $0.399) 17,700 20, 500 2,800 E Total expense 126, 100 130,400 4, 300 E Net operating income S 16,900 S 9,600 $7,300 E Prepare the company's flexible budget performance report for June. Each amount should be entered as a positive amount and variance should be indicated as favorable For unfavorable U Prepare the company's flexible budget performance report for June. Each amount should be entered as a positive amount, and variance should be indicated as favorable F or unfavorable U. Flexible Budget Performance Report For the Month Ended June 30 Revenue Actual and Flexible Results Spending Budget Variances 41,000 41.000 Activity Variances Planning Budget Customers served 40.000 Revenue Expenses Wages and salaries Supplies Insurance Miscellaneous expense Total expense Net operating income