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:
Elite Authority
Power and influence held by a small, privileged group that holds a disproportionately large amount of control or resources.
Elite Social Control Tactics
Strategies used by those in power to maintain dominance and control over others, often through subtle or manipulative means.
Citizenship Rights
These are legal rights granted to individuals by a state that entail the ability to participate in the civic and political life of that state.
Universal Citizenship
Recognizes the right of marginal groups to full citizenship and the rights of humanity as a whole.
Q18: Testing a prototype of a new product
Q36: Rognstad Corporation would like to determine the
Q65: If the materials handling cost is allocated
Q73: Gladstone Footwear Corporation's flexible budget cost formula
Q75: A self-imposed budget or _ budget is
Q91: The total variance (both rate and efficiency)
Q92: What was the absorption costing net operating
Q102: Metz Corporation's variable overhead is applied on
Q143: The materials purchase budget:<br>A)is the beginning point
Q150: Gildon Corporation produces metal telephone poles.In the