Hemphill Corporation uses customers served as its measure of activity. During June, the company budgeted for 20,000 customers, but actually served 19,000 customers. The company has provided the following data concerning the formulas used in its budgeting and its actual results for June: Data used in budgeting:

	Fixed element per month	Variable element per customer
Revenue	-	$ 4.50
Wages and salaries	$ 23,900	$ 1.40
Supplies	$ 0	$ 0.80
Insurance	$ 5,700	$ 0.00
Miscellaneous	$ 5,000	$ 0.40

Actual results for June:

Revenue	$ 85,400
Wages and salaries	$ 52,700
Supplies	$ 17,500
Insurance	$ 5,500
Miscellaneous	$ 12,200

Required: 1. Prepare the company's flexible budget performance report for June. Label each variance as favorable (F) or unfavorable (U).

2. Comment on the results.