Lakey Corporation uses customers served as its measure of activity. During July, the company budgeted for 33,000 customers, but actually served 34,000 customers. The company has provided the following data concerning the formulas used in its budgeting and its actual results for July: 
Required:
Prepare a report showing the company's revenue and spending variances for July. Label each variance as favorable (F) or unfavorable (U).
Definitions:
Menarche
A girl’s first menstruation.
North American Newborn
An infant born in North America, often referring to the health, social, and environmental aspects specific to this geographic region.
Puberty
A period of rapid physical maturation involving hormonal and bodily changes that take place primarily in early adolescence.
Physical Maturation
The process of bodily growth and development, particularly the changes experienced during puberty that lead to a mature adult body.
Q4: The variable overhead rate variance for power
Q65: Gallipeau Inc., which produces a single product,
Q69: A company with sales of $100,000, variable
Q73: The Casket Division of Roybal Corporation had
Q103: Since variable costing emphasizes costs by behavior,
Q127: The concept of responsibility accounting means that:<br>A)
Q133: The net operating income under variable costing
Q136: Which of the following statements is true
Q160: Moloney Corporation produces and sells a single
Q165: The activity variance for net operating income