ration uses customers served as its measure of activity. The following report compares the planning budget to the actual Bickel Corpor operating results for the month of November: Bickel Corporation Comparison of Actual Results to Planning Budget For the Month Ended November 30 Actual Results Planning Budget Variances Customers served Revenue ($3.50q) Expenses: 33,000 $115,206e 32,000 $112,006 3,200 F Wages and salaries ($23,200$1.22q) Supplies ($e.62q) Insurance ($5,100) Miscellaneous expense ($4,100 $0.31q) 62,240 19,840 5,100 14,820 101,200 s 16,780 10,800 63,460 17,840 5,100 12,020 98,420 1,220 U 2,800 F 0 None Total expense Net operating income 2,000 F 2,780 F 6,880 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 variance). Input all amounts as positive values.) Required xible 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 variance). Input all amounts as positive values.) " for no effect (i.e., zero Bickel Corporation Flexible Budget Performance Report For the Month Ended November 30 Revenue and Actual Results Spending Flexible Activity BudgetVariances Planning Budget Variances Customers served 33,000 33,000 32,000 Wages and salaries Supplies Miscellaneous expense Total expense