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Mccarter Clinic bases its budgets on the activity measure patient-visits.During April,the clinic planned for 2,700 patient-visits,but its actual level of activity was 2,400 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 April.Indicate in each case whether the variance is favorable (F) or unfavorable (U).
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