Test 3 Spring 2019 My Morehead State Home 19 Saved Quesnel Clinic bases its budgets on the activity measure patient-visits. During February, the clinic planned for 4,800 patient-visits, but its actual level of activity was 5,000 patient-visits. The clinic has provided the following data concerning the formulas it uses in its budgeting Fixed elementVariable elenent per per month patient-visit $33.00 $ 10.40 Revenue Personnel expenses Medical supplies Occupancy expenses Administrative expenses s 32,300 $ 2,300 $ 7,300 $ 6,300 6.40 $ 2.40 $ 0.24 Required: Prepare a report showing the clinic's activity variances for February. Indicate in each case whether the variance is 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.) Quesnel Clinic Activity Variances For the Month Ended February 28 Planning Flexible Bu Activity Variances 4,800 5,000 Patient-visits Revenue Expenses Medical supplies Occupancy expenses Administrative expenses Total expense Net operating income