4-2 Mulberry Clinic uses pati its budgets on the following information: ient-visits as its measure of activity. The clinic bases 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 s9,500 per month plus $2.40 per patient-visit. Administrative expenses should be $3,800 per month plus s0.10 per patient-visit. The clinic reported the actual results for August: Patient-visits Revenue Personnel expenses Medical expenses Occupancy expenses Administrative expenses REQUIRED: Prepare a report in the format given below showing the clinics 2,000 $96,630 $55,310 $21,540 $14,470 $ 3,960 revenue and spending variances for August. Label each variance as favorable (F) or unfavorable (U). Actual Results Flexible Budget Variances F/U Patient -visits Revenue Expenses Personnel expenses Medical supplies Occupancy expenses Administrative expenses Total Expenses Net Operating Income