d Bank, o private charity party supported by govemment gronts, is The St Lucia Blood located on the Caribbean island of St. Lucia. The blood bank hos just finished its operations for September, which was a porticulary busy manth due to s hurricane that hit neighboring islands causing many injuries. The h bypassed St Lucio, but reaidents of St Lucis willingly doneted their blood to help people on other islands. As a consequence, the blood bank collected and processed over 20% more blood than had been originally planned for the month urricone largely 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 Morth Ended September 30 Actual Planning Liters of blood collected Medical supplies Lab tests Results Budget Variances 11,554 s9,400 2154 U 13620 11,440 2180 U 980 800 Equipment depreciation 1,930 1700 230 U Rent Utilities 1,500 1,500 0 290 260 30 U 14,625 14.480 145 U Administration 43.5195 38.780 s 4739 U Total expense The mansging director of the blood bank was very unhappy with this report, claiming that his costs were higher thon expected due to the emergency on the neighboring islands. He aso pointed out the: the additional costs had been fulily covered by payments from groteful 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 wos just pointing out that octuol costs were a lot higher than promised in the budget The following cost formulas were used to construct the planning budget The managing dirustorof the blood bonk wea vary unhappy with th's repor, dalmng this report, dalming thot he cost wr higher than sxpecied dus to the amargancy on the neighboring lands. Ha bso pointed out that the additional costs hed been fully covered by paymian from greterul reciplents on the other slands. The government officlal who the report counterad that all of the figurs had been submined by the blood bank to the govarmmant he was jurt painting out that pctual costs were o lot higher then prombnd In the budgut The tollawing cost formulas ware used to construct the planning budget Medical suppirs Lab teats Equipment $1178 $14304 $1,700 $1,500 depreciation Uulities Administration $200 $13,.200 $160q Requtred: 1. Complete the performance report for September using the flexible budget opproach ndicate the effect of each vartance by selecting "F" for favorable,U for unfavorable, and "None" for no effect (l.e., zero variance). input ali amounts as positive values. Do not round Intermedtate calculations and round your final answers to nearest whole dollar.) st. Lucia 8i000 Bank Flexible Budget performance Report For the Month Ended september 30 Flexible Spending Vartances FlexIDe Medical supplies Latb tests Equpment depteciatian Rent Uniities Adramisteation $ 11,54 13.620 1,930 1,600 290 14 626 940o 11.440 1/700 1500 260 14.480 0 435T