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Cicchetti Corporation uses customers served as its measure of activity. The following report compares the...

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Accounting

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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 Planning Results Budget Variances Customers served Revenue (3.40g) 34,000 33,000 $116,300 $ 112,200 $ 4,100 F Expenses Wages and salaries ($23,300+$1.23q)65,12063,8901,230 U Supplies ($0.63q) Insurance ($5,200) Miscellaneous expense ($4,200$.32q) ,660 14,760 2,100 F 18,690 20,790 2,100 F 5,200 5,200 0 Total expense 101,670 104,640 2,970 F Net operating income $ 14,630 7,560 $ 7,070 F

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