Quesnel Clinic bases its budgets on the activity measure patient-visits. During February, the clinic planned for 4,800 patient-visits, but its actual level of activity was 5,000 patient-visits. The clinic has provided the following data concerning the formulas it uses in its budgeting:

Quesnel Clinic bases its budgets on the activity measure patient-visits. During February, the clinic planned for 4,800 patient-visits, but its actual level of activity was 5,000 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 Patient-visits Revenue Expenses: Personnel expenses Medical supplies Occupancy expenses Administrative expenses Required: Prepare a report showing the clinic's activity variances for February. Indicate in each case whether the variance is 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.) Total expense Net operating income Fixed element per month Flexible Budget $ 32,300 $ 2,300 $ 7,300 $ 6,300 Quesnel Clinic Activity Variances For the Month Ended February 28 5,000 Planning Budget Variable element per patient- visit $ 33.00 $10.40 4,800 $ 6.40 $ 2.40 $ 0.24 Activity Variances U U U U U