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Speyer Medical Clinic measures its activity in terms of patient-visits. Last month, the budgeted level of activity was 1140 patient-visits and the actual level of

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Speyer Medical Clinic measures its activity in terms of patient-visits. Last month, the budgeted level of activity was 1140 patient-visits and the actual level of activity was 1.130 patient-visits. The cost formula for administrative expenses is $3.80 per patient-visit plus $21.000 per month. The actual administrative expense was $21,700. In the clinic's flexible budget performance report for last month, the spending variance for administrative expenses was: Multiple Choice O $ 1420 $1,420 F $38 F $3,594 F $3,632 F

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