Arrison Corporation Uses Customers Served as Its Measure of Activity

Essay

Arrison Corporation uses customers served as its measure of activity.During July,the company budgeted for 34,000 customers,but actually served 33,000 customers.The company has provided the following data concerning the formulas used in its budgeting and its actual results for July:
Data used in budgeting:
Actual results for July:
Required:
Prepare the company's flexible budget performance report for July.Label each variance as favorable (F)or unfavorable (U).