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Tranquil Holidays Corporation provides vacation planning services to clients, and they measure their activity based on the number of clients served. During 2021, Tranquil

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Tranquil Holidays Corporation provides vacation planning services to clients, and they measure their activity based on the number of clients served. During 2021, Tranquil Holidays had budgeted that they would serve 36,400 clients, but actually planned vacations for 27,600 clients. In their budgeting activities, Tranquil has determined that the following revenue and cost formulas are appropriate. where x represents the number of clients served: Revenue: $4.90x Wages and salaries: $34,600 +$1.52x Supplies: $0.92x Insurance: $11,800 Miscellaneous expenses: $7,800 + $0.44x Tranquil Holidays Corporation reported the following actual results for 2021: Revenue Wages and salaries Supplies Insurance Miscellaneous expense Required: $ 147,800 $ 69,400. $ 15,800 $ 11,800 $ 24,700 Prepare Tranquil Holiday Corporations's flexible budget performance report for 2021. Indicate whether each variance is favorable (F) or unfavorable (U). (Select "None" if there was no variance. Record all amounts and variances as positive values.) Flexible Budget Performance Report For the Month Ended February 28 Actual Results Revenue and Spending Variances Flexible. Budget Activity Variances Planning Budget Clients served 27,600 27,600 36,400 Revenue Expenses: Wages and salaries Supplies Insurance

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