Question

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 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 official 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 30 hetual Planning Results Budget Liters of blood collected 470 Variances 590 1.363 U 183 U 315 U Medical Supplies Lab tests Equipment depreciation Rent Utilities Administration Total expense $ 7.423 6.110 5,071 4,888 3,115 2,800 1,150 1,150 651 11.689 11,184 $ 29,149 $ 26,707 575 505 U $2,442U

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Answer 1

Flexible budget performance report

	Actual results	Spending variance	Flexible budget	Activity variance	Planning budget
Liters of blood collected	590		590		470
Medical supplies	7473	197 F	7670	1560 U	6110
Lab tests	5071	1065 F	6136	1248 U	4888
Equipment depreciation	3115	315 U	2800	0 None	2800
Rent	1150	0 None	1150	0 None	1150
Utilities	651	76 U	575	0 None	575
Administration	11689	241 U	11448	264 U	11184
Total expense	29149	630 F	29779	3072 U	26707