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).