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Arrasmith Corporation uses customers served as its measure of activity. During February, the company budgeted for 35,200 customers, but actually served 32,800 customers. The company uses the following revenue and cost formulas in its budgeting, where a is the number of customers served: Revenue: $3.709 Wages and salaries: $33,400 + $1169 Supplies: $0.569 Insurance: $10,600 Miscellaneous expenses: $6,600 + $0.329 The company reported the following actual results for February: Revenue Wages and salaries Supplies Inrance Miscellaneous expense $123,800 $ 68,200 $ 14,600 $ 10.600 $ 18,700 Required: Prepare the company's flexible budget performance report for February. 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 (.e., zero variance). Input all amounts as positive values.) Required: Prepare the company's flexible budget performance report for February, 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 (.e., zero variance). Input all amounts as positive values.) Arrestilling Corporation Helle Dude Performance Report For the Month finde ebruary 20 Actual Rends Rovenue and spending Variances Flexible Budget Activity Variances Planning Budget 32,800 32,800 35,200 Customers served Revenue Expenses Wages and salaries Supplies Insurance Miscellaneous expense Total expense Net operating income

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