Kary Clinic Uses Patient-Visits as Its Measure of Activity

Essay

Kary Clinic uses patient-visits as its measure of activity. During May, the clinic budgeted for 3,800 patient-visits, but its actual level of activity was 4,100 patient-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for May:
Required:
Prepare a report showing the clinic's revenue and spending variances for May. Label each variance as favorable (F) or unfavorable (U).