The St. Lucia Blood Bank, a private charity partly supported by govemment grants, is located on the Canbbean island of St. Lucia. The blood bank has just finished its operations for September, which was a particularly busy month due to a powerful huricane that hit neighboring islands causing many injuries. The humicane 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 forthe month. A report prepared by a govemment official comparing actual costs to budgeted costs forthe blood bank appears below. Continued support from the govemment depends on the bloodbank's ability to demonstrate control over its costs. St Lucs Blood Bank Cost Control Report For the Month Ended September 30 Actual Results Planning Budget 780 9 236 10.782 1,780 1,400 366 14.265 Variances Liters of blood collected Medical supplies Lab tests Equipment depreciation Rent Ut ties Administration 009 $ 2,156 2,172 280 7.080 8.610 1.500 1.400 340 14.080 33.010 26 185 $ 4.819 U s 37.829 Totelexpense CC The managing director of the blood bank was very unhappy with this report, claiming that his costs were higherthan 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 govemment official who prepared the report countered that all of the figures had been submitted by the blood bank to the govemment; he was just pointing out thatactual costs were a lot higherthan promised in the budget The following cost formulas were used to construct the planning budget: Cost Formulss $11.80q $14.35q $1,500 $1,400 $340 $13,000+$1.80 Medical supplies Lab tests Equipment depreciation Rent Utilities Administration Required: 1. Complete the performance report for Septemberusing the flexible budget approsch. (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. Do not round intermediate calculations and round your final answers to nearestwhole dollar.) St. Lucia Blood Bank Flexible Budget Performance Report For the Month Ended September 30 Actual Results Flexible Planning Budget Spending Variances Activity Variances Budget Medical supplies 9,236 7,080 Lab tests 10.782 8,610 Equipment depreciation 1,780 1,500 Rent 1.400 1,400 340 300 Utilities 14.080 14,265 Administration 33.010 S 37,829 Total expense