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: Medical supplies Lab tests Equipment depreciation Rent Utilities Administration Required: Cost Formulas $21.00q $13.60q $4,400 $1,950 $975 $10,950 +$3.80q 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.) Liters of blood collected Medical supplies Lab tests Equipment depreciation Rent Utilities Administration Total expense Actual Results 540 $ 10,710 5,943 4,795 1,950 1,083 13,131 $ 37,612 Saint Lucia Blood Bank Flexible Budget Performance Report For the Month Ended September 30 Flexible Budget Planning Budget 420 $ 8,820 5,712 4,400 1,950 975 12,546 $ 34,403