CoursHeroTranscribedText: Exam Three Saved Help Save & Exit Submit Varcoe Corporation bases its budgets on the activity measure customers served. During September, the company planned to serve 37,500 customers, but actually served 32,500 customers. Revenue is $3.95 per customer served. Wages and salaries are $35,600 per 12 month plus $1.35 per customer served. Supplies are $0.65 per customer served. Insurance is $9,800 per month. Miscellaneous expenses are $7,900 per month plus $0.35 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). (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect 8 02-08:12 (i.e., zero variance). Input all amounts as positive values and enter any losses with a minus sign.) Varcoe Corporation Activity Variances For the Month Ended September 30 Flexible Planning Budget Budget Activity Variances Customers served 32,500 37,500 Revenue Expenses Wages and salaries Supplies Insurance Miscellaneous expense Total expense Net operating income (loss)