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The St. Lucla Blood Bank, a private charity partly supported by government grants, Is located on the Carlbbean Island of St. Lucla. The blood bank has just finished its operatlons for September, which was a particularly busy month due to a powerful hurricane that hit nelghbouring islands, causing many injurles. The hurricane largely bypassed St. Lucla, but the residents of St. Lucla willingly donated their blood to help people on other islands. As a consequence, the blood bank collected and processed 24% more blood than had been orlginally planned for the month. A report prepared by a government officlal comparing actual costs to budgeted costs for the blood bank appears below. (The currency on St. Lucla is the East Carlbbean dollar.) Contlnued 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 this report, claiming that his costs were higher than expected due to the emergency on the neighbouring islands. He also pointed out that 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 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. Required: 1. Prepare a new performance report for September using the flexlble budget approach. (Note: Even though some of these costs might. be classified as direct costs rather than overhead, the flexlble budget approach can stlll be used to prepare a flexible budget performance report.). (Indicate the effect of each variance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (l.e., zero varlance). Round "Cost Formula" answers to 2 decimal places)

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