Question

The St. Lucia Blood Bank a private charty party supported by government rart, is located on the Caribbean island of Luc The blood bank has just finished its operations for September, which was a very busy month due to a powerful humicare that Dolghbonng Islands causing many injuries. The humane largely bypassed St Lucia, but residents of St. Lucia w gy donde blood to help people on other Islands. As a consequence, the blood bank collected and processed over 20% more Slood than had been orginalty planned for the month A report prepared by a government official comparing actual costs to budgeted costs for the bloodbor spears below Corred support from the government depends on the blood bank's ability to demonstre control over to Cost Control Report Variances Medical supplies b tests Equipment apreciation $ 7,1 . SIM Administration Total expense $ 2,76 2,154 2.40 The managing director of the blood bank was very unhappy with this report, Caming that his cow higher than expected due to the emergency on the neighboring Islands. He also pointed out that the additional costs had been covered by payments from grateful recipients on the other islands. The government official who prepared the report countered that all of the freshed on submitted by the blood bank to the government he was just pointing out that actual costs were a lot higher than promised the budget The following cost formulas were used to construct the planning budget Equipment depreciation Administration for Required: 1. Complete the flexible budget performance report for September, indicate the effect of each variance by selecting favorable, "Ufor unfavorable, and "None" for no effectie, zero variancel. Input all amounts as positive values.) St Lucia blood Bank Flexible Budget Performance Report For the Month Ended September 30 3 7.344 Equipment depreciation Rent 3.010 1.100 on 11.000 $ 2704 a w x O e OO were to search

Answer 1

Answer

	Actual Results	Spending Variance		Flexible Budget	Activity variance		Planning Budget
Litres of blood collected (q)	600			600			480
Medical Supplies	$                 7,344.00	$             156.00	F	$               7,500.00	$            1,500.00	U	$             6,000.00
Lab Tests	$                 5,078.00	$         1,042.00	F	$               6,120.00	$            1,224.00	U	$             4,896.00
Equipment depreciation	$                 3,010.00	$             310.00	U	$               2,700.00	$                         -	None	$             2,700.00
Rent	$                 1,100.00	$                      -	None	$               1,100.00	$                         -	None	$             1,100.00
Utilities	$                     624.00	$               74.00	U	$                   550.00	$                         -	None	$                550.00
Administrative	$               11,608.00	$             248.00	U	$             11,360.00	$                252.00	U	$          11,108.00
Total Expenses	$               28,764.00	$             566.00	U	$             29,330.00	$            2,976.00	U	$          26,354.00

--Working

							Flexible Budget	Planning Budget
Litres of blood collected (q)							600	480
Medical Supplies	(	$                      -	)	$    12.50	600 or 480		$               7,500.00	$             6,000.00
Lab Tests	(	$                      -	+	$    10.20	600 or 480	)	$               6,120.00	$             4,896.00
Equipment depreciation	(	$         2,700.00	+		600 or 480	)	$               2,700.00	$             2,700.00
Rent	(	$         1,100.00	+	$           -	600 or 480	)	$              1,100.00	$             1,100.00
Utilities	(	$            550.00	)	$           -	600 or 480		$                   550.00	$                550.00
Administrative	(	$      10,100.00	+	$      2.10	600 or 480	)	$             11,360.00	$          11,108.00
Total Expenses							$             29,330.00	$          26,354.00