TB Problem Qu. 10-287 Cicchetti Corporation uses customers...

Cicchetti 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 December:

Cicchetti Corporation Comparison of Actual Results to Planning Budget For the Month Ended December 31
	Actual Results			Planning Budget			Variances
Customers served		38,000			36,000
Revenue ($4.9q)	$	187,200		$	176,400		$	10,800		F
Expenses:
Wages and salaries ($37,500 + $1.7q)		105,600			98,700			6,900		U
Supplies ($0.6q)		22,200			21,600			600		U
Insurance ($14,500)		14,950			14,500			450		U
Miscellaneous expense ($7,500 + $0.4q)		24,650			21,900			2,750		U
Total expense		167,400			156,700			10,700		U
Net operating income	$	19,800		$	19,700		$	100		F

Required: Prepare the company's flexible budget performance report for December. Select each variance as favorable (F