Remaining Time: 1 hour, 54 minutes, 42 seconds. WEBCAM RECORDING Question Completion Status: QuesLTUITO Al Khaznah Hospital generates revenues through offering medical services. During February 2019, the Hospital budgeted for 3,300 clients. The actual number of clients were however, 3,340.The Hospital has provided you with the following budget data for February: 7 points Fixed element per month Revenue Wages and salaries Foods and supplies Facility expenses Administrative expenses Total expenses No. of Clients (Q) Variable element per client $23.60 $7.20 13.30 4.70 $3,500 1,500 9,500 6,800 $37,200 Formula 23.60 3,500+7.200 1,500+13.300 9,500+4.700 6,800+0.400 0.40 $11.10 3,300 The actual results for February were as follows: Revenue Wages and salaries Foods and supplies Facility expenses Administrative expenses No. of Clients (0) $124,830 $28,818 $44,652 $24,218 $7,886 3,340 acer 1 R E P A s Question Completion Status: Total expenses No. of Clients (Q) $37,200 $11.10 3,300 The actual results for February were as follows: Revenue Wages and salaries Foods and supplies Facility expenses Administrative expenses No. of Clients (Q) $124,830 $28,818 $44,652 $24,218 $7,886 3,340 a. Required: Prepare a flexible budget for Al Khaznah Hospital for February (2 Marks) b. Prepare a performance report for revenue and spending variances for February indicating whether they are Favourable (F) or Unfavourable (U). (4 Marks) Why is the flexible budget more useful than the static budget for assessing efficiency of managers? (1 Mark) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). : Arial 14px BI U S TE Paragraph C. 2 V acer P. R A