Hagel Clinic uses client-visits as its measure of activity. During July, the clinic budgeted for 2,300 client-visits, but its actual level of activity was 2,320 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for July: Data used in budgeting: Fixed element per month Variable element per client-visit

Revenue - $44.60

Personnel expenses $23,200 $15.10

Medical supplies 900 7.40

Occupancy expenses 6,500 2.00

Administrative expenses 4,000 0.20

Total expenses $34,600 $24.70

Actual results for July: Revenue $100,902

Personnel expenses $60,922

Medical supplies $18,648

Occupancy expenses $11,290

Administrative expenses $4,594

The overall revenue and spending variance (i.e., the variance for net operating income in the revenue and spending variance column on the flexible budget performance report) for July would be closest to:

		$6,120 U
		$5,722 F
		$5,722 U
		$6,120 F