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Arrasmith Corporation uses customers served as its measure of activity. During February, the company budgeted for 35,400 customers, but actually served 31,600 customers. The company uses the following revenue and cost formulas In its budgeting, where q is the number of customers served: Revenue: $3.90q Wages and salaries: $33,600 + $1.22q Supplies: $0.62q Insurance: $10,800 Miscellaneous expenses: $6,800 + $0.34q 5:42 The company reported the following actual results for February: Revenue $ 127, 800 Wages and salaries $ 68, 400 Supplies $ 14, 800 Insurance $ 10,800 Miscellaneous expense $ 19, 700 Required: Prepare the company's flexible budget performance report for February. Label each variance as favorable (F) or unfavorable (U). (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero varlanice). Input all amounts as positive values.) Arrasmith Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Revenue and Spending Flexible Planning Results Variances Budget Activity Variances Budget Customers served 31,600 31,600 35, 400 Revenue Expenses Wages and salaries Supplies Insurance Miscellaneous expense Total expense Net operating income