Prepare a report showing the companys revenue and spending variances for December. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).)Prepare a report showing the companys revenue and spending variances for December. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).)

Cicchetti 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 December: Cicchetti Corporation Comparison of Actual Results to Planning Budget For the Month Ended December 31 Actual Planning Results Budget Variances Customers served 22,000 21,000 Revenue (3.40q) 75,200 71,400 3,800 F Expenses Wages and salaries ($22,100+$1.11 46,520 45,410 1,110 U Supplies ($0.51q) 9,710 10,710 1,000 F Insurance ($4,000) 4,000 4,000 Miscellaneous expense ($3,000 $.31q) 8,510 9,510 1,000 F 68,740 69,630 890 F Total expense Net operating income 6,460 1,770 4,690 F