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Che The St. Lucia Blood Bank a private charity partly supported by government grants, is located on the Caribbean island of St Lucia The blood

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Che 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 has just finished its operations for September, which was a very busy month due to a powerful hurricane that hit neighboring Islands causing many injuries. The humicane largely bypassed St Lucia, but residents of St Lucia willingly donated their blood to help people on other islands. As a consequence, the blood bank collected and processed over 20% more blood than had been orginally planned for the month 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 collectea 530 Medical Supplies 57,995 $ 6,568 $ 1.435 U 4,941 4,756 185 U Equent depreciation 3,745 3,400 3450 1,450 1,450 Utilities 725 88 Administration 12,133 11 593 535 U Totat exces 5 31,077 5 28,489$ 3,535 $10 Rent 813 The managing director of the blood bank was very unhappy with the report claiming that his costs were higher than expected due to the emergency on the neighboring slends He also pointed out that the additional costs had been fully covered by payments from grateful recipients on the other Islands The government officiel 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 actuel costs were a lot higher than promised in the budget The following cost formules were used to construct the planning budget Medical Supplies Lab tests Equipment depreciation Rent Utilities Administration Cost Formulas $16.000 $11.609 $3,400 $1,450 $725 $10,450 + $2.800 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 (ie, zero variance) Input all amounts os positive values.) St. Lucia Blood Bank Flexible Budget Performance Report For the Month Ended September 30 Revenue and Spending Flexible Variances Budget Activity Variances Actual Results 530 Planning Budget 410 Liters of blood collected 5 5 Medical Supplies Labtests Equipment depreciation Rent Utities Administration Total expense 7.995 4.941 3.745 1.450 813 12. 133 31077 6.560 4.750 3,400 1.450 725 11.598 28.489 5

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