The St. Lucia Blood Bank, e 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 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 hed been originally planned for the month. A report prepared by a government officiel 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 590 470 Medical supplies $ 18,575 $ 3,695 $ 1,898 U Lab tests 6,157 5,922 235 U Equipment depreciation 4,270 3,900 378 U Rent 1,700 1.700 Utilities 948 85e 98 U Administration 12,811 12,251 560 U Total expense 36,461 $ 33,318 $ 3,143 U The menaging 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 Formulas Medical supplies $18.589 $12.6 Equipment depreciation $3,900 Rent $1,700 Utilities $10,700 + $3.389 Lab tests $85e Administration 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 (Le.. zero variance). Input all amounts as positive values.) Answer is not complete. St. Lucia Blood Bank Flexible Budget Performance Report For the Month Ended September 30 Flexible Budget Actual Results 590 Planning Budget 470 Liters of blood collected F U $ 10,575 6.157 8.695 5.922 F U Medical supplies Labtests Equipment depreciation Rent Utilities 4.270 U Nane 3.900 Nane 1,700 948 12,811 IS 36.461 OOOOOOO Nane Nane OOOOOOO 1,700 850 12 251 IS 33.318 Administration U Total expense U