Chack my w The St Lucia Blood Bank, a private charity partly supported by govern
ID: 2513381 • Letter: C
Question
Chack my w The St Lucia Blood Bank, a private charity partly supported by government grants, is blood bank has just finished its operations for September, which was a particularly busy month due to a powerful hurricane that ht 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% moreblood than had been originally planned for the month. on the Caribbean island of St. Lucia The A report prepared by a government official comparing support from the government depends on the blood bank's ability to demonstrate control over its costs. actual costs to budgeted costs for the blood bank appears below Continued St Cost Control Report For the Month Ended September 30 Liters of blood collected 610 490 8,575 $1,862 U 235 U Medical supplies Lab tests Equipment depreciation Rent Utilities Administration s 10,437 6,213 4, 060 1, 600 894 5, 978 3,700 1,600 800 360 U 94 U 12, 669 12,119 550 s35, 873 32,772 3,101 U Total expense Next K Prev 9 of 9Explanation / Answer
Flexible buget liters of blood collected 610 Variable fixed medical supplies 17.5 10675 lab tents 12.2 7442 Equipment depreciation 3,700 3,700 Rent 1,600 1,600 Utilities 800 800 Administration 3.1 10600 12491 total expense 32.8 16700 36708 Flexible budget = fixed component + actual 610 liters*variable component) Flexible Budget Performance Report Actual spending variance Flexible Activity variance planned budget resutl budget liters of blood collected 610 610 490 Medical supplies 10,437 238 F 10675 2,100 U 8,575 labt tests 6,213 1,229 F 7442 1,464 U 5,978 Equipment depreciation 4,060 360 U 3,700 0 N 3,700 Rent 1,600 0 N 1,600 0 N 1,600 Utilities 894 94 U 800 0 N 800 Administration 12,669 178 U 12491 372 U 12,119 total expense 35,873 835 F 36708 3,936 U 32,772