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Coody Clinic uses patient visits as its measure of activity for budgeting purposes. The clinic has provided you with the following report regarding its activity

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Coody Clinic uses patient visits as its measure of activity for budgeting purposes. The clinic has provided you with the following report regarding its activity for the month ending July 31. Using the template on the Problem 1 Answer Sheet tab, prepare a Flexible Budget Performance Report like the one shown in Exhibit 9-8 in the textbook. First prepare a flexible budget, and then use that flexible budget to identify the volume variances and the spending variances. Enter formulas into the appropriate cells to compute the dollar amounts of the variances, and be sure the variances all display as positive numbers. Finally, use the drop-down boxes provided in the template to label each variance as either F (favorable) or U (unfavorable)

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