1. Planning budget (2pts) - Willow Clinic bases its budgets on patient-visits. During October, the clinic plans for a level of activity of 2,200 patient-visits. The clinic has provided the following data concerning the formulas it uses in its budgeting Fixed element per month Variable element per patient-visit Revenue Personnel expenses $ 24,200 $ Medical supplies Occupancy expenses $5,300 $ Administrative expenses $4,200 $ 58.00 21.00 6.90 2.70 9.20 800 $ Prepare the clinic's planning budget for October (use this week's lecture slides and exhibit 9-2 of your text as a guide) 2. Flexible budget (2pts) - During September, Clendennen Corporation budgeted for 44,000 customers, but actually served 42,000 customers. The company uses the following revenue and cost formulas in its budgeting, where q is the number of customers served . Revenue: $4.57q . Wages and salaries: $36,900$1.90q . Supplies: $0.800q . Insurance: $13,900 Miscellaneous expense: $6,900 $0.30q Prepare the company's flexible budget for September based on the actual level of activity for the month (use this week's lecture slides and exhibit 9-5 of your text as a guide)