Asked by Collin Shaffer on Jul 24, 2024
Verified
Nobriga Corporation uses customers served as its measure of activity. During October, the company budgeted for 29,000 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 October:
Data used in budgeting:
Actual results for October:
Required:
Prepare a report showing the company's revenue and spending variances for October. Label each variance as favorable (F) or unfavorable (U).
Customers Served
The number of customers who have received service from a business over a particular period.
Revenue And Spending Variances
The differences between actual revenues and expenditures compared to budgeted or forecasted amounts, often analyzed to manage and improve financial performance.
- Interpret variance reports for informed decision-making.
- Perform calculations and analyses on income and spending deviations.
- Construct and analyze reports illustrating disparities in operational activities.
Verified Answer
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Learning Objectives
- Interpret variance reports for informed decision-making.
- Perform calculations and analyses on income and spending deviations.
- Construct and analyze reports illustrating disparities in operational activities.
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