The St. Lucla Blood Bank, a private charlty partly supported by government grants, Is located on the Caribbean Island of St. Lucla. The blood bank has just finished its operations for September, which was a particularly busy month due to a powerful hurricane that hit neighbouring islands, causing many injurles. The hurricane largely bypassed St. Lucla, but the residents of St. Lucia willingly donated their blood to help people on other Islands. As a consequence, the blood bank collected and processed 24% more blood than had been originally planned for the month. A report prepared by a government officlal comparing actual costs to budgeted costs for the blood bank appears below. (The currency on St. Lucla is the East Caribbean dollar.) Continued support from the government depends on the blood bank's ability to demonstrate control over its costs. The managing director of the blood bank was very unhappy with this report, claiming that her costs were higher than expected due to the emergency on the neighbouring Islands. she also pointed out that the additional costs had been fully covered by payments from grateful reciplents 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. Required: 1. Prepare a new performance report for September using the flexible budget approach. (Note: Even though some of these costs might be classified as direct costs rather than overhead, the flexible budget approach can still be used to prepare a flexible budget performance report.). (Indicate the effect of each varlance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (I.e., zero variance). Round "Cost Formula" answers to 2 decimal places) \begin{tabular}{|c|c|c|c|c|c|c|} \hline \multicolumn{7}{|c|}{ ST. LUCIA BLOOD BANK } \\ \hline \multicolumn{7}{|c|}{ Flexible Budget Performance Report } \\ \hline \multicolumn{7}{|c|}{ For The Month Ended September 30} \\ \hline & \multirow{3}{*}{\begin{tabular}{l} Cost Formula \\ (Per Litre) \end{tabular}} & Actual & Spending or Budget Variance & Flexible Budget & Stat & = Budget \\ \hline & & \multicolumn{5}{|c|}{ Activity-Level (litres) } \\ \hline & & 650 & & 650 & & 520 \\ \hline \multicolumn{7}{|l|}{ Variable costs: } \\ \hline Medical supplies & & & & & $ & 7,800 \\ \hline Lab tests & & & & & & 6,500 \\ \hline Refreshments for donors & & & & & & 1,040 \\ \hline Administrative supplies & & & & & & 260 \\ \hline Total variable cost & & & & & $ & 15,600 \\ \hline \multicolumn{7}{|l|}{ Fixed costs: } \\ \hline Staff salaries & & & & & $ & 11,000 \\ \hline Equipment depreciation & & & & & & 2,550 \\ \hline Rent & & & & & & 1,100 \\ \hline Utilities & & & & & & 505 \\ \hline Total fixed cost & & & & & & 15,155 \\ \hline Total cost & & & & & $ & 30,755 \\ \hline \end{tabular}