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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 Results			Planning Budget			Variances
Customers served		44,000			41,500
Revenue ($4.6q)	$	203,000		$	190,900		$	12,100		F
Expenses:
Wages and salaries ($36,700 + $1.7q)		114,200			107,250			6,950		U
Supplies ($0.9q)		38,700			37,350			1,350		U
Insurance ($13,700)		14,300			13,700			600		U
Miscellaneous expense ($6,700 + $0.3q)		21,450			19,150			2,300		U
Total expense		188,650			177,450			11,200		U
Net operating income	$	14,350		$	13,450		$	900		F

Required: Prepare the company's flexible budget performance report for December. Select each variance as favorable (F), unfavorable (U) or "None".

Cicchetti Corporation Flexible Budget Performance Report Part 1 For the Month Ended December 31 Actual Revenue and Flexible Results Spending Variances Budget Customers served Expenses: Total expenses Net operating income Cicchetti Corporation Flexible Budget Performance Report Part 2 For the Month Ended December 31 Flexible Planning Budget Activity Variances Budget Customers served Expenses: Total expenses Net operating income

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