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).
Correct Answer:
Verified
Correct Answer:
Verified
Q13: Kuczenski Corporation's cost formula for its manufacturing
Q14: Rippelmeyer Kennel uses tenant-days as its measure
Q15: Kaaihue Detailing's cost formula for its materials
Q16: Higgenbotham Clinic uses client-visits as its measure
Q17: Baugus Corporation manufactures and sells a single
Q19: Drabant Kennel uses tenant-days as its measure
Q20: Reuer Midwifery's cost formula for its wages
Q21: Niforos Air uses two measures of activity,
Q22: Bessey Hospital bases its budgets on patient-visits.
Q23: Murphree Clinic uses client-visits as its measure