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

Essay

Grossenbacher Clinic bases its budgets on the activity measure patient-visits. During January, the clinic planned for 3,800 patient-visits, but the actual level of activity was 3,700 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 January. Indicate in each case whether the variance is favorable (F) or unfavorable (U).