Coody Clinic uses patient-visits as its measure of activity. The clinic has provided the following report: Coody Clinic Comparison of Actual Results to Flexible Budget For the Month Ended July 31 Static Budget Flexible Budget Actual Results Variances Patient-visits 2,300 2,000 Revenue ($36.40q) $83,720 $76,110 Expenses: Personnel expenses ($20,400 + $10.40q) 44,320 43,240 Administrative expenses ($2,400 + $0.40q) 3,320 3,080 Total expense 47,640 46,320 Net operating income $36,080 $29,790 Required: Complete the report showing the clinic's revenue and spending variances for July. Label each variance as favorable (F) or unfavorable (U).