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 560 440 Medical supplies $ 7,788 $ 6,380 $1,408 U Lab tests 5.025 4,840 185 U Equipment depreciation 3,430 3,100 330 U Rent 1,300 1.300 0 Utilities 732 650 B2U Administration 11.920 11.400 520 U Total expense $ 30,195 $ 27,670 $ 2,525 U ok mt 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 reciplents 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 Cost Formulas Medical supplies $14.504 Equipment depreciation tab tests Rent Utilities Administration $11.000 $3,100 $1,300 $650 $10,300 + $2.504 Required: 1. Complete the flexible budget performance report for September. (Indicate the effect of each variance by selecting "F" for Medical supplies Lab tests Equipment depreciation Rent Utilities Administration Cost Formulas $14.509 $11.009 $3,100 $1,300 $650 $10,300 + $2.504 Required: 1. Complete the flexible budget performance report for September. (Indicate the effect of each variance by selecting "F" for 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 Flexible Budget Actual Results 560 Liters of blood collected Planning Budget 440 $ Medical supplies Lab tests Equipment depreciation Rent Utilities Administration 7.788 5,025 3,430 1,300 732 11.920 30,195 $ 6,380 4,840 3,100 1,300 650 11,400 $ 27,670 Total expense $