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Ozark Ghost Hunters conducts paranormal tours in the local area. The company owners create a management budget using two measures of activities (also referred to

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Ozark Ghost Hunters conducts paranormal tours in the local area. The company owners create a management budget using two measures of activities (also referred to as cost drivers): Customers and Meters. Earh tour conducted includes one psychic and one EMF ghost meter. OGH uses the toilowing data to create the budget: Fixed cost per month Variable cost per Customer Variable cost per Meter Revenue 0 145 0 Physic fee 0 $150 Meter expenses $ 2,500 :0 0 Administrative expenses 1,500 0 In October, the company budgeted for 650 customers and 400 meters. The actual activity for the month was 625 customers and 390 meters. Create a report showing the activity variances for October. Your report should look like the report in your textbook in Exhibit 9-6 on page 419. Label each variance as favorable (F) or Unfavorable (U). f rounding is required. round to the nearest tenth of a decimal (for example, $10.666666667 would be S10.67) In October, the company budgeted for 650 customers and 400 meters. The actual activity for the month was 625 customers and 390 meters. Create a report showing the activity variances for October. Your report should look like the report in your textbook in Exhibit6 on page 419. Label each variance as favorable (F) or Unfavorable (U). If rounding is required, round to the nearest tenth of a decimal (for example, $10.666666667 would be $10.67) Grading: This problem is worth 14 points. Points will be awarded: a) Statement Header (1 pt)- don't confuse this with column titles b) Form labeled as favorable or unfavorable (5 pts) (c) Correct revenue and expense totals for the planning budget, flexible budget, activity variances, and favorable/unfavorable labels (8 pts). at that includes line items correctly identified and variances calculated and HTML Editor

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