4 value: 5.00 points You did not recelve credit for this ques The St. Lucia Bloo

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4 value: 5.00 points You did not recelve credit for this ques 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 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 bank's ability to demonstrate control over its costs St. Lucia Blood Bank Cost Control Report For the Month Ended September 30 Actual Planning Results BudgetVariances 500 Liters of blood collected Medical supplies Lab tests Equipment depreciation Rent Utilities Administration 680 $ 8,125 S 5,975 $ 2,150 U 9,434 7,250 2,184 U 1,610 1,400 210 U 1,500 1,500 344320 24 U 13,775 13,600 175 U Total expense $ 34,788 $ 30,045 $ 4,743 U

Explanation / Answer

St. Lucia Blood Bank

Flexible Budget Performance Report

For the month ended September 30

Actual results Spending Variances Flexible Budget Activity Variances Planning Budget Medical supplies $ 8,125 $ 1 F $ 8,126 $ 2,151 U $ 5,975 Lab tests $ 9,434 $ 426 F $ 9,860 $ 2,610 U $ 7,250 Equipment depreciation $ 1,610 $ 210 U $ 1,400 None $1,400 Rent $ 1,500 None $ 1,500 None $ 1,500 Utilities $ 344 $ 24 U $ 320 None $ 320 Administration $ 13,775 $ 113 F $ 13,888 $ 288 U $ 13,600 Total $ 34,788 $ 306 F $ 35,094 $ 5,049 U $ 30,045

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