to Furmey Clinic uses patient-visits as its measure of activity. During May, the clinic budgeted for 3,400 Hollowing information: Revenue should be $38.00 per patient-visit. Personnel expenses should be $36,000 per month plus $10.80 patient-visit. patient-visits, but its actusl level of activity was 3,000 patient-visits. The clinic bases its budgets on the expenses should be $9,300 per month plus $2.00 per patient-visit. Administrative expenses should per month plus S0.30 per patient-visit. The clinie reported the following actual results for May; per patient-visit. Medical supplies should be $1,000 per month plus $6.00 per patient-visit be $5,500 Revenue Personnel expenses Medical supplies Occupancy expenses Administrative expenses S 113,640 S 71,090 S 18,070 S 14,550 S 6,190 Required: Prepare the clinic's flexible budget performance report for May. Label each variance as favorable (F) or unfavorable (U). (REFER TO EXHIBIT 9-8 on page 423) 12