1. (6 points) Laizure Clinic uses patient-visits as its measure of activity. The clinic bases its budgets on the following information: Revenue should be $61.90 per patient-visit. Personnel expenses should be $36,300 per month plus $16.40 per patient-visit. Medical supplies should be $2,600 per month plus $11.80 per patient-visit. Occupancy expenses should be $9,000 per month plus $5.00 per patient-visit. Administrative expenses should be $4,500 per month plus $3.10 per patient-visit. The clinic reported the following actual results for November: Patient-visits Revenue Personnel expenses Medical supplies Occupancy expenses Administrative expenses 2,860 $194,240 $ 88,320 $ 39,440 $ 18,550 $ 8,950 Required: Prepare a report showing the clinic's revenue and spending variances for November. Label each variance as favorable (F) or unfavorable (U)