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: 
Required:
Prepare the company's flexible budget performance report for December.Label each variance as favorable (F)or unfavorable (U).
Definitions:
Q9: Jolin Corporation keeps careful track of the
Q27: A favorable materials quantity variance occurs when
Q66: Kingsolver Corporation has provided the following data
Q77: Eacher Wares is a division of a
Q80: If the internal rate of return exceeds
Q97: The following labor standards have been established
Q102: The budget method that maintains a constant
Q109: The term joint cost is used to
Q215: Camcam Corporation uses customers served as its
Q273: Coderre Corporation manufactures and sells a single