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 variance). Input all amounts as positive values.)

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 $3,100 Bickel Corporation Comparison of Actual Results to Planning Budget For the Month Ended November 30 Actual Planning Results Budget Customers served 29,000 28,000 Revenue ($3.409) $98,300 $95,200 Expenses Wages and salaries ($22,800 - $1.18) 57,020 55,840 Supplies ($0.58) 14,540 16,240 Insurance ($4,700) 4,700 4,700 Miscellaneous expense ($3,700 + $0.38) 12.640 14,340 Total expense 88.900 191,120 Net operating income $ 9,400 $ 4,080 1,180 V 1,700 F 0 None 1,700 2,220 TL $5,820 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 (.e., zero 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 29,000 29,000 Activity Variances Planning Budget Customers 28,000 Expenses Wages and salaries Supplies Insurance Miscellaneous expense Total expense Net operating income