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 a report showing the company's revenue and spending variances for December.Label each variance as favorable (F)or unfavorable (U).
Definitions:
Literacy Environment
the surrounding conditions that provide opportunities for reading and writing and influence the development of literacy skills.
School Success
The achievement of educational goals set by students, educators, and institutions, often measured by grades, test scores, and completion of educational milestones.
Time Management
The skill of organizing and planning time effectively to increase efficiency and productivity.
Dropping Out
The act of leaving a course of study or training before completion, often referring to high school or college education.
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