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report compares the planning budgct to the actual operating results for the month of November: 6. Legorreta Corporation uses customers served as its measure of activity. The following Legorreta Corporation Comparison of Planning Budget to Actual Results For the Month Ended November 30 Planning Actual Budget Results Variances Customers served.. 20.000 25.000 Revenue ($7.00q) Expenses: $140.000 $175.500 $35.500 F Wages and salaries ($35.200+$2.70q 89.200 100.700 11,500 U 22.000 25.500 3.500 UT 10.000 10.000 Supplies ( $110q ) Insurance ($10.000 (S6.500+$0.30q Net operating income 0 Miscellaneous 900 F 133,700 147.800 14100 U 12.500 11600 900 Total expense $6.300 $27.700 $21400F Required: Prepare the company's flexible budgect performance report showing both the activity variances and revenue/spending variances for November. Label cach variance as favorable (F) or unfavorablc (U)