Mieras Corporation Uses Customers Served as Its Measure of Activity

question 21

Essay

Mieras Corporation uses customers served as its measure of activity.During January,the company budgeted for 37,000 customers,but actually served 36,000 customers.The company uses the following revenue and cost formulas in its budgeting,where q is the number of customers served:
Revenue: $2.80q
Wages and salaries: $22,800 + $0.90q
Supplies: $0.50q
Insurance: $7,500
Miscellaneous: $3,800 + $0.30q
The company reported the following actual results for January: Required:
Prepare a report showing the company's revenue and spending variances for January.Label each variance as favorable (F) or unfavorable (U).

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Definitions:

Compassion Fatigue

Emotional exhaustion experienced by individuals, particularly caregivers, due to prolonged exposure to others' trauma and suffering.

Crisis Counseling

Specialized support and guidance provided to individuals experiencing a crisis, aimed at helping them cope with their immediate situation.

Counselors' Challenge

Refers to the various difficulties and ethical dilemmas that counselors face while providing support and guidance to their clients.

Grief

A deep emotional response to loss, particularly to the death of a loved one, which encompasses various stages including denial, anger, bargaining, depression, and acceptance.