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Mcindoe Clinic bases its budgets on the activity measure patient-visits. During May, the clinic planned for an activity level of 3,000 patient-visits, but the activity

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Mcindoe Clinic bases its budgets on the activity measure patient-visits. During May, the clinic planned for an activity level of 3,000 patient-visits, but the activity level was actually 3,400 patient-visits. The clinic has provided the following data concerning the formulas it uses in its budgeting Revenue Personnel expenses Medical supplies Occupancy expenses Administrative expenses Fixed element Variable element per month per patient-visit 30 24,000 $ 600 $ 6.50 8,600 $ 0.75 2,400 $ 0.25 Prepare the clinic's flexible budget for May based on the actual level of activity for the month. Enter the dollar amount for in the appropriate boxes: Prepare the clinic's flexible budget for May based on the actual level of activity for the month. Enter the dollar amount for in the appropriate boxes: Box 1: Revenue Box 2: Total Expenses Box 3: Net operating Income

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