. Variance analysis: revenue and spending variances (2pts)Laizure Clinic uses patient-visits as its measure of activity. The clinic bases its budgets on the following information: Revenue should be $64.90 per patient-visit. Personnel expenses should be $36,600 per month plus $16.70 per patient-visit. Medical supplies should be $2,900 per month plus $12.10 per patient-visit. Occupancy expenses should be $9,300 per month plus $6.50 per patient-visit. Administrative expenses should be $4,800 per month plus $4.60 per patient-visit. The clinic reported the following actual results for November: Patient-visits Revenue Personnel expenses $ 91,320 Medical supplies 41,840 Occupancy expenses 20,950 Administrative expenses$ 11,350 2,890 $209,240 Prepare a report showing the clinic's revenue and spending variances for November (use this week's lecture slides and exhibit 9-7 of your text as a guide). 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)