1. (8 points) Mulberry Clinic uses patient-visits as its measure of activity. The clinic bases its budgets on the following information: Revenue should be $48.70 per patient-visit. Personnel expenses should be $27,600 per month plus $14.70 per patient-visit. Medical supplies should be $1,000 per month plus $10.10 per patient-visit. Occupancy expenses should be $9,500 per month plus $2.40 per patient-visit. Administrative expenses should be $3,800 per month plus $0.10 per patient-visit. The clinic reported the following actual results for August: Patient-visits Revenue Personnel expenses. Medical supplies Occupancy expenses.. Administrative expenses....... 2.000 $96,630 $55,310 $21.540 $14.470 $3,960 Required: Prepare a flexible budget performance report showing both the clinic's activity variances and revenue and spending variances for April. Label each variance as favorable (F) or unfavorable (U)