Quesnel Clinic bases its budgets on the activity measure patient-visits. During February, the clinic planned for 5,100 patient-visits, but its actual level of activity was 5,300 patient-visits. The clinic has provided the following data concerning the formulas it uses in its budgeting: Fixed element Variable element per per month patient-visit Revenue Personnel expenses $ 33.30 $ 32,600 10.70 Medical supplies $ 2,600 6.78 Occupancy expenses $ 7,600 $ 2.70 Administrative expenses S 6,600 S 0.27 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.) Quesnel Clinic Activity Variances For the Month Ended February 28 Patient-visits Revenue Expenses Personnel expenses Medical supplies Occupancy expenses Administrative expenses Total expense Net operating income Flexible Budget Planning Budget Activity Variances 5.300 5,100