Using the partial framework provided below, prepare a flexible budget performance report for October.

I, Indicate all variances and their direction (U or F). Show your calculations.

Verona Clinic bases budgets on the number of patient-visits. For October, the clinic planned for 2,800 patient-visits. The clinic has provided the formulas it uses for budgeting: Fixed Variable clement clement per per month patient-visit Revenue $50.00 Personnel expenses $37,700 $14.80 Medical supplies $1,500 $9.50 Occupancy expenses..... $8,000 $2.20 Administrative expenses....... $4,000 $0.30 The clinic has also furnished its income statement for October: Actual patient-visits 3.100 Revenue $164,750 Expenses: Personnel expenses 86,290 Medical supplies..... 29,780 Occupancy expenses 15.030 Administrative expenses 5.180 Total expenses... 136,280 Net operating income $ 28,470 Required: Using the partial framework provided below. prepare a flexible budget performance report for October - Indicate all variances and their direction (U or F). Show your calculations Verona Clinic Flexible Budget Performance Report - October Revenue & Actual Spending Flexible Activity Planning Results variances Budget variances Budget Patient-visits 3,100 Revenue $ 164,750 $ S $ Expenses: Personnel 86,290 I Medical supplies 29,780 Occupancy 15,030 Administrative 5.180 Total expenses 136,280 Net operating income $ 28.470 $ A $ $