Exercise 1. Almana Hospital uses patient-visits as its measure of activity. The hospital has provided the following report: Almana Hospital Comparison of Actual Results to Planning Budget For the Month Ended May 31 Actual Results 2,000 $76,110 Planning Budget 2,300 Variances Patient-visits Revenue ($36.40q Expenses Personnel expenses ($20,400 $10.40q) 43,240 44,320 Medical supplies ($1,100 $6.60q) 13,990 16,280 Occupancy expenses ($6,400$1.50q) 9,800 9,850 Administrative expenses ($2,400 + $0.40q) Total expense Net operating income $9,950 Required: Prepare a report showing the hospital's revenue and spending variances for May. Label each variance as favorable (F) or unfavorable (U) Fill in the last column of the table above