Essay
Squillace Corporation uses customers served as its measure of activity.During October,the company budgeted for 38,000 customers,but actually served 35,000 customers.The company has provided the following data concerning the formulas used in its budgeting and its actual results for October: 
Required:
Prepare the company's flexible budget performance report for October.Label each variance as favorable (F) or unfavorable (U).
Correct Answer:
Verified
Correct Answer:
Verified
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