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Varnano Corporation bases its budgets on the activity measure customers served During October the company planned to serve 40,000 customers, but actually served 38,000 customers

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Varnano Corporation bases its budgets on the activity measure customers served During October the company planned to serve 40,000 customers, but actually served 38,000 customers The company has provided the following data concerning the formulas it uses in its budgetirig Required: Prepare a report showing the compariy s actwity variances for Oclober inclicate in cach case whether the variance is favorable (F) of unfavorable (U) Note: Indicate the effect of eoch voriance by selecting "F" for fovorable, "U" for unfovorable, and "None" for no effect (1.e., zero voriance), Input all omounts as positive values

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