Nobriga Corporation Uses Customers Served as Its Measure of Activity

question 359

Essay

Nobriga Corporation uses customers served as its measure of activity. During October, the company budgeted for 29,000 customers, but actually served 33,000 customers. The company has provided the following data concerning the formulas used in its budgeting and its actual results for October:
Data used in budgeting:
Actual results for October:
Required:
Prepare a report showing the company's revenue and spending variances for October. Label each variance as favorable (F) or unfavorable (U).

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Definitions:

Disclosure

The act of making something known or public, especially information that was previously secret or confidential.

Conflicts of Interest

Situations in which a person or organization is involved in multiple interests, financial or otherwise, which could potentially interfere with their duties or impartiality.

Professional Responsibility

The ethical and moral obligations that professionals have towards their clients, society, and their profession, including maintaining competence and confidentiality.

Consulting

Offering expert advice in a particular area or specialty to improve a client or organization's performance or strategy.