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. Saint Lucia Blood Bank Cost Control Report For the Month Ended September 30 Liters of blood collected Medical supplies Lab tests Equipment depreciation Rent Utilities Administration Total expense Actual Results 600 $ 10,512 Planning Budget Variances 480 $ 8,640 $ 1,872 U 6,187 5,952 235 U 4,165 3,800 1,650 921 12,741 1,650 825 12,186 365 U 96 U 555 U $ 36,176 $ 33,053 $ 3,123 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 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 Required: Cost Formulas $18.009 $12.409 $3,800 $1,650 $825 $10,650 + $3.20q 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 (l.e., zero varlance). Input all amounts as positive values.) Answer is complete but not entirely correct. Saint Lucia Blood Bank Flexible Budget Performance Report For the Month Ended September 30 Revenue and Spending Variances Actual Results Flexible Budget Activity Variances Planning Budget Liters of blood collected 600 600 480 Medical supplies $ 10,512 $ 288 F S 10,800 $ 2,160 U $ 8,640 Lab tests Equipment depreciation 6,187 1,253 F 7,440 1,488 U 5,952 4,165 365 U 3,800 0 None 3,800 Rent 1,650 0 None 1,650 0 None 1,650 Utilities 921 96 U 825 0 None 825 Administration 12,741 196 U Total expense $ 36,176 $ 884 F 12,545 37,060 359 U 12,186 $4,007 U $ 33,053