TB Problem Qu. 9-393 (Algo) Laizure Clinic uses patient-visits as its... Laizure Clinic uses patient-visits as its measure of activity. The clinic bases its budgets on the following information: Revenue should be $71.90 per patient-visit. Personnel expenses should be $37,300 per month plus $17.40 per patient-visit. Medical supplies should be $3,600 per month plus $12.80 per patient-visit. Occupancy expenses should be $10,000 per month plus $10100 per patient-visit Administrative expenses should be $5,500 per month plus $8.10 per patient-visit The clinic reported the following actual results for November: Patient-visits 2,960 Revenue $ 244, 240 Personnel expenses $ 98,320 Medical supplies $ 47,440 Occupancy expenses $ 26,550 Administrative expenses $ 16,950 Required: Prepare a report showing the clinic's revenue and spending variances for November. Label each variance as 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.) Laizure Clinic Revenue and Spending Variances For the Month Ended November 30 Actual Results Flexible Budget Revenue and Spending Variances Patient-visits 2,960 2,960 Revenue Expenses: Personnel expenses Medical supplies Occupancy expenses Administrative expenses Total expense Net operating income