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).
Definitions:
Bystander Effect
This refers to the social psychology concept where the presence of bystanders reduces the probability of someone stepping forward to aid a person in need.
Groupthink
A phenomenon occurring within a group of people, where the desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.
Social Neuroscience
An interdisciplinary field that explores the neural, hormonal, and genetic mechanisms underlying social behaviors and processes.
Genetic Component
The part of a trait, behavior, or disease that is influenced by an individual's genes.
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