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Bickel Corporation uses customers served as its measure of activity. The following report compares the planning budget to the actual operating results for the month of November Variances $3,300 F Bickel Corporation Comparison of Actual Results to Planning Budget For the Month Ended November 30 Actual Results Planning Budget Customers served 31,000 30.000 Revenue (53.509) 5108,300 $10,000 Expenses Wages and salaries ($23,000 - $1.209) 60,200 59,000 Supplies (50.689) 16,100 18,000 Insurance ($4,980) 4,900 4,900 Miscellaneous expense ($3,900 + $0.40) 14,000 15,900 Total expense 95,200 97,800 Net operating income $ 13,100 $ 7,200 1.200U 1.900 F None 1,900F 2,600 F $6,480 F Required: Prepare the company's flexible budget performance report for November. 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 (i.e., zero ariance). Input all amounts as positive values.) Bickel Corporation Required: Prepare the company's flexible budget performance report for November. Label each variance as favorable (F) (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no eft variance). Input all amounts as positive values.) Bickel Corporation Flexible Budget Performance Report For the Month Ended November 30 Revenue Actual and Flexible Results Spending Budget Variances 31,000 31,000 Activity Variances Planning Budget 30,000 Customers served Revenue Expenses Wages and salaries Supplies Insurance Miscellaneous expense Total expense Net operating income