A report prepared by a government official comparing actual costs to budgeted costs for the blood bank appears below. Continued support from the government depends on the blood bank's ability to demonstrate control over its costs. St. Lucia Blood Bank Cost Control Report For the Month Ended September 30 Actual Planning Results Budget Variances Liters of blood collected 680 480 Medical supplies $ 10,512 $ 8,642 $ 1,872 U Lab tests 6,187 5,952 235 U Equipment depreciation 4,165 3,800 365 U Rent 1,650 1,650 Utilities 921 825 96 U Administration 12,741 12,186 555 U Total expense $ 36,176 $ 33,953 $ 3,123 U 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. The following cost formulas were used to construct the planning budget: Medical supplies Lab tests Equipment depreciation Rent Utilities Administration Cost Formulas $18.889 $12.489 $3,800 $1,650 $825 $19,650 + $3.289 Required: 1.Complete the flexible budget performance report for September. (Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (1. e., zero varlance). Input all amounts as positive values.) Required: 1.Complete the flexible budget performance report for September. (Indicate the effect of each verlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (1.e., zero variance). Input all amounts as positive values.) St. Lucia Blood Bank Flexible Budget Performance Report For the Month Ended September 30 Actual Revenue and Spending Flexible Results Variances Budget 600 800 Activity Variances Planning Budget 480 Liters of blood collected S S 8,640 5,952 Medical supplies Lab tests Equipment depreciation Rent 10,512 6.187 4,165 1.650 921 12,741 Utilities 3,800 1.650 825 12,186 33,053 Administration Total expense S 38,178 S