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Arrasmith Corporation uses customers served as its measure of activity. During February, the company budgeted...

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Arrasmith Corporation uses customers served as its measure of activity. During February, the company budgeted for 36700 customers, but actually served 27 300 customers. The company uses the following revenue and cost formulas in its budgeting where qis the number of customers served: Revenue $5 209 Wages and salaries $34.900 + $1619 Supplies $1014 Insurance: $12,100 Miscellaneous expense: 58.100$0479 The company reported the following actual results for February Revenue Wages and salaries Supplies Insurance niscellaneous expense $155,00 $ 59,700 $ 16,100 $ 12,100 $ 20,200 Required: Prepare the company's flexible budget performance report for February, Label each variance as favorable (F) or unfavorable (un) (Indicate the effect of each variance by selecting 'F' for favorable. "U" for unfavorable, and "None" for no effect f.e., zero variance). Input all amounts os positive values.) Arraith Corporation Flexible Budget Performance Report For the Month Ended February 28 Actual Revenue and Flexible Spending Variances Budget 27,300 27.300 Activity Planning Budget 36,700 Customer served Revenue Express Wapes and salaries Supplies Insurance Miscellaneous expende Total expense Nel operating home

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