Adeyemo Clinic Uses Patient-Visits as Its Measure of Activity

Essay

Adeyemo Clinic uses patient-visits as its measure of activity. During July, the clinic budgeted for 2,500 patient-visits, but its actual level of activity was 2,800 patient-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for July:
Data used in budgeting: Actual results for July: Required:
Prepare the clinic's flexible budget performance report for July. Label each variance as favorable (F) or unfavorable (U).