For the Month Ended February $28$

Actual Results

Planning Budget

Variances

Patient$-$visits.....................................................

$2,000$

$2,100$

Revenue $($$$53\mathrm{.}90$q$)...........................................$

$$107,880$

$$113,190$

$$5,310$

U

Expenses:

Personnel expenses $($$$26,100+$ $$19\mathrm{.}20$q$).......$

$62,840$

$66,420$

$3,580$

F

Medical supplies $($$$1,400+$ $$7\mathrm{.}20$q$)................$

$16,250$

$16,520$

$270$

F

Occupancy expenses $($$$6,700+$ $$2\mathrm{.}60$q$).........$

$11,970$

$12,160$

$190$

F

Administrative expenses $($$$4,300+$ $$0\mathrm{.}20$q$).....$

$4,710$

$4,720$

$10$

F

Total expense...................................................

$95,770$

$99,820$

$4,050$

F

Net operating income........................................

$ $12,110$

$ $13,370$

$$1,260$

U

 

Required:

Prepare the clinic's flexible budget performance report for February. Label each variance as favorable $($F$)$ or unfavorable $($U$).$