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Crovo Corporation utilize customers served as its measure of activity. During December, the company budgeted for 38,000 customers, but in fact served 40,000 customers. The company has given the subsequent data concerning the formulas used in its budgeting and its actual results for December:

Data used in budgeting:

Actual results for December:

Prepare a report showing the spending variances and company's revenue for December. Label each variance as favorable (F) or unfavorable (U).

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M9132863

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