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

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Accounting

Cicchetti Corporationuses customers served as its measure of activity. The followingreport compares the planning budget to the actual operating resultsfor the month of December:
CicchettiCorporation
Comparison of Actual Results to Planning Budget
For the Month Ended December 31
ActualResults PlanningBudget Variances
Customers served 40,000 35,000
Revenue ($4.8q) $ 192,400 $ 168,000 $ 24,400 F
Expenses:
Wages and salaries ($36,300 + $1.7q) 106,600 95,800 10,800 U
Supplies ($0.9q) 35,300 31,500 3,800 U
Insurance ($13,300) 13,700 13,300 400 U
Miscellaneous expense ($6,300 + $0.4q) 23,650 20,300 3,350 U
Total expense 179,250 160,900 18,350 U
Netoperating income $ 13,150 $ 7,100 $ 6,050 F

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

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Cicchetti Corporation Flexible budget performance report for December Cicchetti Corporation Flexible Budget Performance Report Part 1 For the Month Ended December 31 Planning Budget Flexible Budget Activity Variances Customer Served 35000 See Answer

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CicchettiCorporation Comparison of Actual Results to Planning Budget For the Month Ended December 31
	ActualResults		PlanningBudget		Variances
Customers served		40,000		35,000
Revenue ($4.8q)	$	192,400	$	168,000	$	24,400	F
Expenses:
Wages and salaries ($36,300 + $1.7q)		106,600		95,800		10,800	U
Supplies ($0.9q)		35,300		31,500		3,800	U
Insurance ($13,300)		13,700		13,300		400	U
Miscellaneous expense ($6,300 + $0.4q)		23,650		20,300		3,350	U
Total expense		179,250		160,900		18,350	U
Netoperating income	$	13,150	$	7,100	$	6,050	F