Question

The St. Lucia Blood Bank, a private charity 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 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 banks ability to demonstrate control over its costs. Lucia Blood Bank Cost Control Report For the Month Ended September 30 Actual Planning 420 6,510 Results Budget Liters of blood collected 540 Hedical supplies Lab tests Equipment depreciation Rent Utilities Administration $ 7,938 4,973 1,428 U 185 U 340 U 4,788 3,640 ,300 1,400 1,48 786 7e0 86 U 530 U 12,064 11,534 Total expense 30,801 $ 28,232 $ 2,569 U 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 fronm 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. The following cost formulas were used to construct the planning budget: < Prey 4015 1Ξ Next >
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Answer #1

Actual Flexed Variance

Litres of blood collected 540 540

Medical supplies $7938 $8370 F

Lab Tests $4973 $6156 F

Depreciation $3640 $3300 U

Rent $1400 $1400 None

Utilities $786 $700 U

Administration $12064 $11858(10400+2.7*540) U

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