11:17 AM Thu Nov 17 . . . 96% AA ezto.mheducation.com + Chapter 09 Pre-Built Problems i Saved Help Save & Exit Submit Check my work 4 grateful recipients on the other islands. The government official who prepared the report countered that all of the figures had been submitted by the blood bank to the government; he was just pointing out that actual costs were a lot higher than promised in the budget. 10 The following cost formulas were used to construct the planning budget: points Cost Formulas Medical supplies $18. 50q Lab tests $12 . 60q Equipment depreciation $3, 900 Book Rent $1, 700 Utilities $850 Administration $10, 700 + $3. 30q Print Required: 1.Complete the flexible budget performance report for September. (Indicate the effect of each variance by selecting "F" for References favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) St. Lucia Blood Bank Flexible Budget Performance Report For the Month Ended September 30 Actual Flexible Planning Results Budget Budget Liters of blood collected 590 470 Medical supplies $ 10,575 $ 8,695 Lab tests 6, 157 5,922 Equipment depreciation 4,270 3,90 Rent 1,700 1,700 Utilities 948 850 Administration 12,811 12,251 Total expense $ 36,461 $ 33,318 Mc Gra 11117 AM Thu Nov 17 .u- ?96%-' ezto.mheducation.com neighboring islands causing many injuries. The hurricane largely bypassed St. Lucia, but residents of St. Lucia willingly donated their Chapter 09 Pre-Built Problems 0 saved Help Save & Exit Submit The St. Lucia Blood Bank, a private charity partly supported by government grants, is located on the Caribbean island of St. Lucia. The blood bank hasjust finished its operations for September, which was a very busy month due to a powerful hurricane that hit 10' blood to help people on other islands. As a consequence, the blood bank collected and processed over 20% more blood than had 90\"\" been originally planned for the month. A report prepared by a government official comparing actual costs to budgeted costs for the blood bank appears below. Continued El support from the government depends on the blood bank's ability to demonstrate control over its costs. St. Lucia Blood Bank _ Cost Control Report E For the Month Ended September 30 Prim Actual Planning Results Budget Variances E Liters of blood collected 590 470 References Medical supplies $ 19,575 s 8,695 $ 1,880 u Lab tests 6,157 5,922 235 U Equipment depreciation 4,270 3,900 370 U Rent 1,700 1,700 0 Utilities 948 850 98 U Administration 12,811 12,251 560U Total expense 5% 36,461 $ 33,318 $ 3,143 U The managing director of the blood bank was very unhappy with this report, claiming that his costs were higher than expected due to the emergency on the neighboring islands. He also pointed out that the additional costs had been fully covered by payments from grateful recipients on the other islands. The government official who prepared the report countered that all ofthe figures had been submitted by the blood bank to the government; he was just pointing out that actual costs were a lot higher than promised in the budget The following cost formulas were used to construct the planning budget: Cost Formulas Medical supplies $18.50q Lab tests $12.60q Equipment depreciation $3,900 Rent $1, 700 Utilities $850 Administration $10,700 + $3.30q