Al Khaznah Hospital generates revenues through offering medical services. During February 2010, the Hospital budgeted for 3,300 clients. The actual number of clients were however, 3.340 The Hospital has provided you with the following budget data for February Fixed element per month Revenue Wages and salaries Foods and supplies Facility expenses Administrative expenses Total expenses No. of Clients (0) The actual results for February were as follows: Revenue $124,830 Wages and salaries $28,818 Foods and supplies $44,652 $24,218 Facility expenses Administrative $7,886 3,340 expenses No. of Clients (Q) $3,500 1,500 9,500 6.000 $37.200 Variable element per client $23.60 $7.20 13.30 4.70 0.40 $11.10 Formula 23.60 3,500+7.200 1,500+13.300 9,500+4.700 6.800+0.400 3.300 Required: a. b. Prepare a flexible budget for Al Khaznah Hospital for February. (2 Marks) Prepare a performance report for revenue and spending variances for February indicating whether they are Favourable (F) or Unfavourable (U). (4 Marks) Why is the flexible budget more useful than the static budget for assessing efficiency of managers? (1 Mark) C. for the toolbar DEE ALTAF10 RC ALTENSIO (Mak