Q5 (17 marks) Company Z 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: 5 Required: a. (11 marks) Prepare the company's flexible budget performance report for November. Label each variance as favorable (F) or unfavorable (U). b. (6 marks) "The principal purpose of the cash budget is to see how much cash the company will have in the bank at the end of the year." Do you agree? Explain