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

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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 ResultsBudget Variances Customers served Revenue (3.50q) 43,000 42,000 $150,300 $ 147,000 $ 3,300 F Expenses Wages and salaries ($24,200 $1.32q) Supplies ($0.72q) Insurance ($6,100) Miscellaneous expense (S5,100+ $.41q) 20,920 80,960 79,640 1,320 U 28,840 30,240 1,400 F 6,100 6,100 0 22,320 1,400 F Total expense 136,820 138,300 1,480 F Net operating income $ 13,480$ 8,700 $ 4,780 F

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