TB Problem Qu. 9-357 (Algo) Varcoe Corporation bases its budgets on... Varcoe Corporation bases its budgets on the activity measure customers served. During September, the company planned to serve 32,500 customers, but actually served 27,500 customers. Revenue is $3.85 per customer served. Wages and salaries are $34,600 per month plus $1.25 per customer served. Supplies are $0.55 per customer served. Insurance is $8,800 per month. Miscellaneous expenses are $6,900 per month plus $0.25 per customer served. Required: Prepare a report showing the company's activity variances for September. Indicate in each case whether the variance is favorable (F) or unfavorable (U). Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values and enter any losses with a minus sign. Customers served Revenue Expenses: Wages and salaries Supplies Insurance Miscellaneous expense Total expense Net operating income (loss) Varcoe Corporation Activity Variances For the Month Ended September 30 Flexible Planning Budget Budget 27,500 32,500 Activity Variances

TB Problem Qu. 9-357 (Algo) Varcoe Corporation bases its budgets on... Varcoe Corporation bases its budgets on the activity measure customers served. During September, the company planned to serve 32,500 customers, but actually served 27,500 customers, Revenue is $3.85 per customer served. Wages and salaries are $34,600 per month plus $1.25 per customer served. Supplies are $055 per customer served. Insurance is $8,800 per month. Miscellaneous expenses are $6,900 per month plus $0.25 per customer served. Required: Prepare a report showing the company's activity variances for September. Indicate in each case whether the variance is fovorable (F) or unfavorable (U). Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values and enter any losses with a minus sign