Tajiri 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 May:

Tajiri Corporation Comparison of Planning Budget to Actual Results For the Month Ended May 31
	Planning Budget		Actual Results		Variances
Customers served		21,000		22,000
Revenue (3.40q)	$	71,400	$	75,200	$	3,800	F
Expenses:
Wages and salaries ($22,100 + $1.11q)		45,410		46,520		1,110	U
Supplies ($0.51q)		10,710		9,710		1,000	F
Insurance ($4,000)		4,000		4,000		0
Miscellaneous expense ($3,000 + $.31q)		9,510		8,510		1,000	F
Total expense		69,630		68,740		890	F
Net operating income	$	1,770	$	6,460	$	4,690	F

Required:

1.

Prepare the company's flexible budget performance report for May. Label each variance as favorable (F) or unfavorable (U). (Input all amounts as positive values. Leave no cells blank - be certain to enter "0" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Omit the "$" sign in your response.)

Tajiri Corporation
Flexible Budget Performance Report Part 1 & 2
For the Month Ended May 31
	Planning Budget		Activity Variances		Flexible Budget	Revenue and Spending Variances		Actual Results
Customers served		21,000							22,000
Revenue	$	71,400	$	(Click to select)FUNone	$	$	(Click to select)FUNone	$	75,200
Expenses:
Wages and salaries		45,410		(Click to select)FUNone			(Click to select)FUNone		46,520
Supplies		10,710		(Click to select)FUNone			(Click to select)FUNone		9,710
Insurance		4,000		(Click to select)FUNone			(Click to select)FUNone		4,000
Miscellaneous expense		9,510		(Click to select)NoneFU			(Click to select)FUNone		8,510
Total expense		69,630		(Click to select)FNoneU			(Click to select)FUNone		68,740
Net operating income	$	1,770	$	(Click to select)UNoneF	$	$	(Click to select)FUNone	$	6,460