Felicetti Corporation Bases Its Budgets on the Activity Measure Customers

Essay

Felicetti Corporation bases its budgets on the activity measure customers served.During November,the company planned to serve 21,000 customers.The company has provided the following data concerning the formulas it uses in its budgeting:
The company has also furnished its income statement for November
Required:
Prepare a report showing the company's activity variances for November.Indicate in each case whether the variance is favorable (F)or unfavorable (U).