Exercise 2. 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 Planning variances Budget Actual Results 2,000 $76,110 2,300 $83.720 43,240 44,320 13,990 16,280 Patient-visits Revenue ($36.409) Expenses: Personnel expenses ($20,400+ $10.409) Medical supplies ($1,100+ S6,609) Occupancy expenses ($6,400+ $1.509) Administrative expenses ($2,400+ S0.409) Total expense Net operating income 9,800 9,850 3,080 3.320 70.110 $6,000 73.770 $9.950 Required: Prepare a report showing the hospital's revenue and spending variances for May. Label cach variance as favorable (F) or unfavorable (U). Fill in the last column of the table above