The Saint Lucia Blood Bank, a private charity partly supported by government grants, is located on the Caribbean Island of Saint 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 Saint Lucia, but residents of Saint 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. Saint Lucia Blood Bank Cost Control Report For the Month Ended September 30 Planning Actual Results Budget Variances Liters of blood collected 560 440 Medical supplies $ 7,788 $ 6,389 $ 1, 408 0 Lab tests 5,025 4, 846 185 U Equipment depreciation 3, 430 3, 180 330 U Rent 1,380 1,306 Utilities 732 659 82 U Administration 11,920 11, 480 520 U Total expense $ 30, 195 $ 27, 670 $ 2, 525 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 $14.50g Lab tests $11.00q Equipment depreciation $3, 108 Rent $1, 308 Utilities $650 Administration $10, 300 + $2.50q Required: 1.Complete the flexible budget performance report for September. Note: Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero varlance). Input all amounts as positive values. Saint Lucia Blood Bank Flexible Budget Performance Report For the Month Ended September 30 Actual Flexible Planning Results Budget Budget Liters of blood collected 560 140 Medical supplies S 7.788 $ 6,380 Lab tests 5,025 4,840 Equipment depreciation 3.43 3. 100 Rent 1.300 1.300 Utilities 732 350 Administration 11.920 11.400 Total expense 30.195 27.670