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Please answer the following accounting question mnts) Thorman orporation is a service company that measures its output by the number Of customers served. The company
Please answer the following accounting question
mnts) Thorman orporation is a service company that measures its output by the number Of customers served. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results of operations for August. Variable Actual Total Fixed Element per Element per Month Revenue Employee salaries and wages $ 44,400 Travel expenses Other expenses Cus tome r Served $ 4,400 $ 1,300 $ 700 $ 38,300 for August $ 174,100 $ 93,600 $ 27,700 $ 38,100 hen the company prepared its planning budget at the beginning of August, it assumed that 35 stomers would have been served. However, 39 customers were actually served during August. quired: epare a report showing the company's revenue and spending variances for August. Indicate in h case whether the variance is favorable (F) or unfavorable (U).
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