Speyer Medical Clinic measures its activity in terms of patient-visits. Last month, the budgeted level of activity was 1,120 patent-visits and the actual level of activity was 1,110 patient-visits. The actual administrative expense was $21,100. In the clinic's flexible budget performance report for last month, the spending variance for administrative expenses was: The cost formula for administrative expenses is $3.60 per patient-visit plus $20,000 per month Multiple Choice $2,896 F $1,120 F $36 F