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ABC Corporation uses customers served as its measure of activity. During February, the company budgeted for 36,500 customers, but actually served 27.500 customers. The company uses the following revenue and cost formulas in its budgeting. where q is the number of customers served: The company reported the following actual results for February. Required: Prepare the company's flexible budget performance report for February. Label each variance as favorable (F) or unfavorable (U). (Indicote the effect of each variance by selecting " F " for fovorable, " U " for unfovorable, and "None" for no effect (i.e., zero veriance), Input all amounts as positive values.) \begin{tabular}{|c|c|c|c|c|c|} \hline \multicolumn{6}{|c|}{ Arrasmith Corporation } \\ \hline \multicolumn{6}{|c|}{ Flexible Budget Performance Report } \\ \hline \multicolumn{6}{|c|}{ For the Month Ended February 28} \\ \hline & \begin{tabular}{l} Actual \\ Results \end{tabular} & \begin{tabular}{l} Revenue and \\ Spending \\ Variances \end{tabular} & \begin{tabular}{l} Flexible \\ Budget \end{tabular} & \begin{tabular}{c} Activity \\ Variances \end{tabular} & \begin{tabular}{l} Planning \\ Budget \end{tabular} \\ \hline Customers served & 27,500 & & 27,500 & & 36,500 \\ \hline \multicolumn{6}{|l|}{ Revenue } \\ \hline \multicolumn{6}{|l|}{ Expenses: } \\ \hline \multicolumn{6}{|l|}{ Wages and salanes } \\ \hline \multicolumn{6}{|l|}{ Supplies } \\ \hline \multicolumn{6}{|l|}{ Insurance } \\ \hline \multicolumn{6}{|c|}{ Miscellaneous expense } \\ \hline \multicolumn{6}{|l|}{ Total expense } \\ \hline Net operating income & & & & & \\ \hline \end{tabular}

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