Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Problem 9-21 (Algo) Performance Report for a Nonprofit Organization (LO9-1, LO9-2, LO9-3, LO9-4) The St. Lucia Blood Bank, a private charity partly supported by government

image text in transcribed
image text in transcribed
Problem 9-21 (Algo) Performance Report for a Nonprofit Organization (LO9-1, LO9-2, LO9-3, LO9-4) The St. Lucia Blood Bank, a private charity partly supported by government Grants is located on the Caribbean land 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 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 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 Blood Bank cost control report for the Month September 10 actual Result Citers of blood collected Variances 470 Medical supplies $ 10,5 $3,695 $1,000 Labtest 6,157 5,022 235 pent depreciation 4.70 900 70 u 1.700 1.700 4 350 980 Ainistration 12011 12251 Total expense $36,461333155), 143 Mont 0 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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Energy Audit And Survey Of Street Light System A Preliminary Report

Authors: Dr. Manoj Dhondiram Patil

1st Edition

B08GBCWWFY, 979-8676818388

More Books

Students also viewed these Accounting questions