Seard Clinic uses patient-visits as its measure of activity.

Seard Clinic uses patient-visits as its measure of activity. The clinic has provided the following report: Seard Clinic For the Month Ended December 31 Planning Budget 2,000 Actual Results 2,400 Patient-visits Revenue ($58.10q) $116,200 $142.080 Personnel expenses ($30,400+$17.40q) Medical supplies ($1,300+$9.60q) Occupancy expense ($9,000+S1.90q) Administrative expenses ($6,200+$0.30q) 65,200 20,500 12,800 6,800 74,250 24,670 14,020 6,860 Total expense Net operating income $22,280 Prepare the clinic's flexible budget performance report for December. Label cach variance as favorable (F) or unfavorable (U). Seard Clinic For the Month Ended December 31 Revenue and Actual Planning Activity Flexible Budget Variances Budget Spending VarancsRsl Varins Patient-visits 2,400 2,000 Revenue ($58.10q) SI16.200 $142,080 Personnel expenses ($30,400+$17.40q) Medical supplies ($1,300+59.60q) Occupancy expense ($9,000+$1.904) Administrative expenses6.800 65,200 20,500 12,800 74,250 24,670 14,020 6,860 119.800 ($6,200+S0.30q) Total expense Net et operating income $10,900