Bartosiewicz Clinic uses client-visits as its measure of activity. During January, the clinic budgeted for 3,300 client-visits, but its actual level of activity was 3,280 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for January:

Data used in budgeting:

	Fixed element per month			Variable element per client-visit
Revenue		-		$	35.30
Personnel expenses	$	27,300		$	11.30
Medical supplies		1,300			5.30
Occupancy expenses		10,300			1.00
Administrative expenses		6,300			0.40
Total expenses	$	45,200		$	18.00

Actual results for January:

Revenue	$	124,680
Personnel expenses	$	72,030
Medical supplies	$	22,706
Occupancy expenses	$	14,630
Administrative expenses	$	8,135

The activity variance for net operating income in January would be closest to:

Multiple Choice

• $346 U

• $4,711 F

• $4,711 U

• $346 F