Lakey Corporation Uses Customers Served as Its Measure of Activity

question 107

Essay

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).

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Definitions:

Compare Command

A command used in computing to identify differences between files, folders, or data sets.

Merge Presentation

The process of combining multiple PowerPoint presentations into one seamless file, often used to consolidate information or collaborative work.

Glow Effect

A visual effect applied to text or graphics that creates a halo of light or color around the subject, enhancing its appearance.

Shape Effects

Visual enhancements applied to graphical objects in software applications, such as shadows, glow effects, bevels, and 3D rotations.