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 hasjust nished 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 ofcial 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. Lucia Blood Bank Cost Control Report For the Month Ended September 38 Actual Planning Results Budget Variances Liters of blood collected 62B 588 Medical supplies $ 9J259 $ 7,588 $ 1,758 U Lab tests 6,183 5,888 188 U Equipment depreciation 2,833 2,588 388 U Rent 11999 1,999 9 Utilities 579 588 78 U Administration 11J74B 11,258 498 U Total expense $ 31J54B $ 28,758 $ 2,798 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 ofcial who prepared the report countered that all of the gures 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: The following cost formulas were used to construct the planning budget: Cost Formulas Medical supplies $15.86q Lab tests $12.86q Equipment depreciation $2,586 Rent $1,999 Utilities $599 Administration $16,666 + $2.58q | 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.) Liters of blood collected Medical supplies 3% 9250 Lab tests 6 180 Equipment depreciation 2.800 Rent 1 000 Utilities 570 Administration 11.740 11,250