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 has just finished its operations for September, which was a very busy month due to a powerful hurricane that hit neighboring Islands causing many injures. The humcane largely bypassed St. Lucie, 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 apptors 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 30 Actual Iesults 570 Planning Budget 450 Variances Liters of blood collected Medical supplies Lab tests Equipment depreciation $7,695 55,300 $ 1,395 U 5,045 4,850 185 U 3,325 3,000 3250 1,250 1,250 705 625 11,345 11,330 515 U $ 29,865 $ 27,365 $2,500 U BU Utilities Administration Total expense 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 formules were used to construct the planning budget Cost For Medical supplies $14.000 $10.000 Equipment depreciation 53,000 La tests Required: 1.Complete the Nexible budget performance report for September (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (ie, zero variance). Input all amounts as positive values.) St. Lucia Blood Bank Fiexible Budget Performance Report For the Month Ended September 30 Flexible Budget des Actual Results 570 Planning Budget 450 Liters of blood collected $ 6.300 Medical supplies Labtests Equipment depreciation Rent $ 7.595 5045 3,225 1250 705 11 845 $ 29,865 4860 3000 1.250 825 Utilities Administration Total expense 11,330 $ 27.365