Faggs Corporation bases its budgets on the activity measure customers served.During December,the company planned to serve 33,000 customers,but actually served 36,000 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 December.Indicate in each case whether the variance is favorable (F) or unfavorable (U).
Definitions:
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