Al Khaznah Hospital generates revenues through offering medical services. During February 2019, the Hospital budgeted for 3,300 clients. The actual number of clients were however, 3.340, The Hospital has provided you with the following budget data for February Fixed Variable element per element per month client Formula Revenue $23.60 23.60 Wages and salaries $3,500 $7.20 3,500+7.200 Foods and supplies 1,500 13.30 1,500+13.300 Facility expenses 9.500 4.70 9,500+4 700 Administrative 6.800 0.40 expenses 6,800+0.400 Total expenses 537.200 $11.19 No. of Clients (0) 3,300 The actual results for February were as follows Revenue Wages and salaries Foods and supplies Facility expenses Administrative expenses No. of Clients (0) $124.830 $28,818 $44,652 $24.218 $7,886 3,340 Required: Facility expenses Administrativo expenses No. of Clients (0) $24,218 37,886 3,340 Required: a. Prepare a flexible budget for Al Khaznah Hospital for February (2 Marks) b. Prepare a performance report for revenue and spending variances for February indicating whether they are Favourable (F) or Untourable (U). 14 Marks) G Why is the flexible budget more useful than the static budget for assessing officiency of managers? (1 Mark) For the toolbar, press ALT F10 (PC) or ALTFNF10 (Mac). B I Paragraph T. Arial 14px ill TII 2