Please Post Thourough Working Notes

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 particularly busy month due to a powerful hurricane that hit neighboring islands causing many injuries. The hurricane 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 originally planned for the month A report prepared by a goverment 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. Variances St. Lucia Blood Bank Cost Control Report For the Month Ended September 30 Actual Planning Results Budget Liters of blood collected 560 440 Medical supplies $ 10,692 $ 8,800 Labtests 6,041 5.808 Equipment depreciation 4,585 4. 200 Rent 1.850 1850 Uses 1.029 925 Administration 13,009 12,434 Total expense $ 37,206 $ 34,017 $ 1.892 U 233 U 385 U 104 U 575 U $ 3,189 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: Cost Formulas Medical supplies $20.000 X QS 1,200 12,200 Labtests $13.209 X = 7, 392 81052 Equipment depreciation $4,200 F.C. Rent $1.850 Utilities $925 Administration $10.85 +53.609 XQ) = 2.016 2,190 12,846 13,04le 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 Results Spending V. Budget 560 LOLO Activity v Planning Budget 440 Liters of blood collected $ Medical supplies Lab tests Equipment depreciation Rent Utilities Administration Total expense $ 10,692 508 6,041 1,351 4,585 385 1,850 - 1,029 13,009 143 $ 37,206 8,800 5,808 4,200 1,850 925 12434 34,017 $