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Voytek Corporation bases its budgets on the activity measure customers served.During October,the company planned to serve 36,000 customers,but actually served 34,000 customers.The company has provided the following data concerning the formulas it uses in its budgeting: Required:
Prepare a report showing the company's activity variances for October.Indicate in each case whether the variance is favorable (F)or unfavorable (U).
Cash Dividend
A distribution of profits by a company to its shareholders, typically given as cash.
Direct Method
An approach in cost accounting where specific costs are directly traced to cost objects without any allocation, ensuring clear cost attribution.
Operating Activities
Activities related to the day-to-day functioning of a business, including selling, administering, and producing goods and services.
Long-term Investments
Investments held for an extended period, typically more than a year, such as bonds, stocks, or real estate, aiming for long-term benefits.
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