Laizure Clinic uses patient-visits as its measure of activity. The clinic bases its budgets on the following information: Revenue should be $73.90 per patient-visit. Personnel expenses should be $37,500 per month plus $17.60 per patient-visit. Medical supplies should be $3,800 per month plus $13.00 per patient-visit. Occupancy expenses should be $10,200 per month plus $11.00 per patient-visit. Administrative expenses should be $5,700 per month plus $9.10 per patient-visit. The clinic reported the following actual results for November: Patient-visits Revenue Personnel expenses Medical supplies Occupancy expenses Administrative expenses 2,980 $ 254,240 $100, 320 $ 49,040 $ 28,150 $ 18,550 Required: Prepare a report showing the clinic's revenue and spending variances for November. Label each variance as favorable (F) or unfavorable (U) (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) Revenue and Spending Variances Laizure Clinic Revenue and Spending Variances For the Month Ended November 30 Actual Results Flexible Budget Patient-visits 2,980 2,980 Revenue Expenses: Personnel expenses Medical supplies Occupancy expenses Administrative expenses Total expense Net operating income