7 points Makani Clinic generates revenues through diagnosis and treatment of patients. During Februwy 2019, the Clinic budgeted to be visited by 3.600 patients. The actual number of patients was however, 3,656. The clinic has provided you with the following budget data for February Fixed element per month Revenue Variable element per client visit 52760 Formula 11600 26.10075 900 Personnel expenses $5.90 526,100 800 K00 00:40 300 Medical supplies Occupancy expenses Administrative expenses Total expenses 19,00 14.000 5300010 10000.20 0.20 537.200 511.10 The actual results for February were as follows: Revenue 184,290 547,075 $14,700 Personnel expenses Medical supplies Occupancy expenses Administrative expenses 510,710 154920 Required 1. Prepare a planned budget (static budget) for Makani Clinic for February Marks) 2. Prepare a planned static budget) performance report for the static budget variances for February indicating whether they are Favourable (F) or Unfavourable (U) (4 Marks) 3. When is a planned budget (static) performance report useful for assessing performance 41 Marks) MacBook $47,075 ersonne expenses Medical supplies Occupancy expenses Administrative expenses 514,700 $10,110 54,920 Required: 1. Prepare a planned budget (static budget) for Makani Clinic for February (2 Marks) 2. Prepare a planned (static budget) performance report for the static budget variances for February indicating whether they are Favourable (F) or Unfavourable (U (4 Marks) 3. When is a planned budget (static) performance report useful for assessing performance? (1 Marks) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIVS Paragraph Arial 14px DE E Av IX Q 2 MacBook Air