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Cochiti Corporation uses customers served as its measure of activity. The following report compares the planning budget to the actual operating results for the month

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Cochiti Corporation uses customers served as its measure of activity. The following report compares the planning budget to the actual operating results for the month of December: Prepare a report showing the company's revenue and spending variances for December. (Indicate the effect of cache variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).)

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