Furney Clinic Uses Patient-Visits as Its Measure of Activity

Essay

Furney Clinic uses patient-visits as its measure of activity.During May,the clinic budgeted for 3,400 patient-visits,but its actual level of activity was 3,000 patient-visits.The clinic bases its budgets on the following information:
Revenue should be $38.00 per patient-visit.Personnel expenses should be $36,000 per month plus $10.80 per patient-visit.Medical supplies should be $1,000 per month plus $6.00 per patient-visit.Occupancy expenses should be $9,300 per month plus $2.00 per patient-visit.Administrative expenses should be $5,500 per month plus $0.30 per patient-visit.The clinic reported the following actual results for May:
Required:
Prepare the clinic's flexible budget performance report for May.Label each variance as favorable (F)or unfavorable (U).