Sroufe Clinic Bases Its Budgets on the Activity Measure Patient-Visits

Essay

Sroufe Clinic bases its budgets on the activity measure patient-visits.During July,the clinic planned for 3,500 patient-visits,but its actual level of activity was 4,000 patient-visits.The clinic has provided the following data concerning the formulas it uses in its budgeting: Required:
Prepare a report showing the clinic's activity variances for July.Indicate in each case whether the variance is favorable (F)or unfavorable (U).