Thews Clinic Uses Patient-Visits as Its Measure of Activity

Essay

Thews Clinic uses patient-visits as its measure of activity. During August, the clinic budgeted for 2,000 patient-visits, but its actual level of activity was 2,200 patient-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for August:
Required:
Prepare the clinic's flexible budget performance report for August. Label each variance as favorable (F) or unfavorable (U).