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A report prepared by a government official comparing actual costs to budgeted costs for the...

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Accounting

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.
The managing director of the blood bank was very unhappy with the unfavorable varlances in this report, clalming his costs were higher than expected due to the emergency on the neighboring Islands. He also pointed out the additional costs had been fully covered by payments from grateful reciplents on the other Islands. The government officlal who prepared the report countered that all figures had already been submitted by the blood bank to the government, he was just pointing out actual costs were a lot higher than promised in the budget.
The following cost formulas were used to prepare the planning budget:
\table[[,Cost Formulas],[Medical supplies,$15.50q
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