PLEASE ANSWER THE QUESTION. THANKS Chapter 9 Homework Question 2 (of 3) value: 5

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PLEASE ANSWER THE QUESTION. THANKS

Chapter 9 Homework Question 2 (of 3) value: 5.00 points The St. Lucia Blood Bank, a private charity partly supported by govenment 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 Liters of blood collected Medical supplies Lab tests Equipment depreciation Rent Utilities Administration 880 700 $10,202 8,050 $2,152 U 12,188 0,0102,178 U 1,590 ,300 290 U 1,800 1,800 260 286 26 U 14,345 14,200 145 U Total expense $40,411 $ 35,620 $4,791 U

Explanation / Answer

Performance report :

Actual results Spending variance Flexible budget Activity variance Planning budget Medical supplies 10202 82 U 10120 2070 U 8050 Lab test 12188 396 F 12584 2574 U 10010 Equipment depreciation 1590 290 U 1300 None 1300 Rent 1800 None 1800 None 1800 Utilities 286 26 U 260 None 260 Administration 14345 215 F 14560 360 U 14200 Total expense 40411 213 F 40624 5004 U 35620

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