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Carlisle Clinic uses patient-visits as its measure of activity.During December,the clinic budgeted for 2,500 patient-visits,but its actual level of activity was 2,100 patient-visits.The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for December:
Data used in budgeting: Actual results for December:
Required:
Prepare a report showing the clinic's revenue and spending variances for December.Label each variance as favorable (F)or unfavorable (U).
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