prepared by a government official comparing actual costs to budgeted costs for the blood bank appears below
The St. Lucia Blood Bank a private charity partly supported by government grants is located on Show more 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 banks ability to demonstrate control over its costs. St. Lucia Blood Bank Cost Control Report For the Month Ended September 30 Actual Results Planning Budget Variances Liters of blood collected 980 800 Medical supplies $11500 $9360 $2140 U Lab tests 13584 11400 2184 U Equipment depreciation 1560 1300 260 Rent 1700 1700 0 Utilities 348 320 28 U Administration 14942 14940 2 U Total expense$43634 $39020 $4614 U 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 neighboring islands. He also pointed out that the additional costs had been fully covered by payments from grateful recipients on the other islands. The government official 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. The following cost formulas were used to construct the planning budget: Medical supplies $11.70q Lab tests $14.25q Equipment depreciation $1300 Rent $1700 Utilities $320 Administration $13500 + $1.80q Complete the performance report for September using the flexible budget approach St. Lucia Blood Bank St. Lucia Blood Bank St. Lucia Blood Bank St. Lucia Blood Bank St. Lucia Blood Bank St. Lucia Blood Bank St. Lucia Blood Bank St. Lucia Blood Bank Flexible Budget Performance Report Flexible Budget Performance Report Flexible Budget Performance Report Flexible Budget Performance Report Flexible Budget Performance Report Flexible Budget Performance Report Flexible Budget Performance Report Flexible Budget Performance Report For the Month Ended September 30 For the Month Ended September 30 For the Month Ended September 30 For the Month Ended September 30 For the Month Ended September 30 For the Month Ended September 30 For the Month Ended September 30 For the Month Ended September 30 Actual Results Spending Variances Spending Variances Flexible Budget Activity Variances Activity Variances Planning Budget Medical supplies $11500 $9360 Lab tests 13584 11400 Equipment depreciation 1560 1300 Rent 1700 1700 Utilities 348 320 Administration 14942 14940 Total expense $43634 $0 $39020 Complete the performance report for September using the flexible budget approach St. Lucia Blood Bank St. Lucia Blood Bank St. Lucia Blood Bank St. Lucia Blood Bank St. Lucia Blood Bank St. Lucia Blood Bank St. Lucia Blood Bank St. Lucia Blood Bank Flexible Budget Performance Report Flexible Budget Performance Report Flexible Budget Performance Report Flexible Budget Performance Report Flexible Budget Performance Report Flexible Budget Performance Report Flexible Budget Performance Report Flexible Budget Performance Report For the Month Ended September 30 For the Month Ended September 30 For the Month Ended September 30 For the Month Ended September 30 For the Month Ended September 30 For the Month Ended September 30 For the Month Ended September 30 For the Month Ended September 30 Actual Results Spending Variances Spending Variances Flexible Budget Activity Variances Activity Variances Planning Budget Medical supplies $11500 $9360 Lab tests 13584 11400 Equipment depreciation 1560 1300 Rent 1700 1700 Utilities 348 320 Administration 14942 14940 Total expense $43634 $0 $39020 Show less
“Looking for a Similar Assignment? Order now and Get a Discount!
The post prepared by a government official comparing actual costs to budgeted costs for the blood bank appears below appeared first on Premium Academic Affiliates.
