Problem 3 Vondran Clinic uses patient-visits as its measure of activity. During December, the clinic budgeted for 3,600 patient-visits, but its actual level of activity was 3,100 patient-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for December: Data used in budgeting: Revenue Personnel expenses Medical supplies Occupancy expenses Administrative expenses Fixed element Variable element per month per patient-visit $48.50 $38,300 $14.90 $1,500 $9.20 $12,900 $2.40 $8,300 $0.20 Actual results for December: Revenue Personnel expenses Medical supplies Occupancy expenses Administrative expenses $154,250 $86,500 $29,230 $20,530 $9,010 Required: Prepare the clinic's flexible budget performance report for December. Label each variance as favorable (F) or unfavorable (U). Based on your report(s), are there any specific revenue or expense items that managements need to be cautious about and why