Adeyemo Clinic uses patient-visits as its measure of activity.During July,the clinic budgeted for 2,500 patient-visits,but its actual level of activity was 2,800 patient-visits.The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for July:
Data used in budgeting: 
Actual results for July: 
Required:
Prepare the clinic's flexible budget performance report for July.Label each variance as favorable (F)or unfavorable (U).
Definitions:
Rent Control
Government-imposed limits on the amount landlords can charge for leasing residential properties, intended to make housing affordable.
Short Run
A period in economics during which at least one factor of production is fixed, limiting the ability of a business to adjust fully to market changes.
Rent Control
Government-imposed limits on the amount landlords can charge tenants for lease agreements, aimed at making housing more affordable.
Long Run
A period of time in economics during which all factors of production and costs are variable, allowing companies to adjust to market changes fully.
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