42.

Hagel Clinic uses client-visits as its measure of activity. During July, the clinic budgeted for 2,450 client-visits, but its actual level of activity was 2,470 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for July: Data used in budgeting:

	Fixed element per month			Variable element per client-visit
Revenue				$	52.10
Personnel expenses	$	24,150		$	16.60
Medical supplies		1,180			10.40
Occupancy expenses		8,130			5.00
Administrative expenses		4,150			1.70
Total expenses	$	37,610		$	33.70

Actual results for July:

Revenue	$	125,967
Personnel expenses	$	67,917
Medical supplies	$	27,523
Occupancy expenses	$	20,705
Administrative expenses	$	8,554

The revenue variance for July would be closest to:

$2,720 F

$1,828 F

$2,720 U

$1,828U