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		33,000		34,000
Revenue (3.40q)	$	112,200	$	116,300	$	4,100	F
Expenses:
Wages and salaries ($23,300 + $1.23q)		63,890		65,120		1,230	U
Supplies ($0.63q)		20,790		18,690		2,100	F
Insurance ($5,200)		5,200		5,200		0
Miscellaneous expense ($4,200 + $.32q)		14,760		12,660		2,100	F
Total expense		104,640		101,670		2,970	F
Net operating income	$	7,560	$	14,630	$	7,070	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		33,000							34,000
Revenue	$	112,200	$	F or U or None	$	$	F or U or None	$	116,300
Expenses:
Wages and salaries		63,890		F or U or None			F or U or None		65,120
Supplies		20,790		F or U or None			F or U or None		18,690
Insurance		5,200		F or U or None			F or U or None		5,200
Miscellaneous expense		14,760		F or U or None			F or U or None		12,660
Total expense		104,640		F or U or None			F or U or None		101,670
Net operating income	$	7,560	$	F or U or None	$	$	F or U or None	$	14,630