Problem 9-23 Performance Report for a Nonprofit Organization [LO9-1, LO9-2, Lo9-

Question

Problem 9-23 Performance Report for a Nonprofit Organization [LO9-1, LO9-2, Lo9-3, Lo9-4, Lo9-6) The St. Lucia Blood Bank, a private charity partly supported by government grants, is located on the Caribbean island of St blood neighboring islands causing many injuries. The hurricane largely bypassed St. Lucia, b blood to help people on other islands. As a consequence, the b been originally planned for the month. . Lucia. The bank has just finished its operations for September, which was a particularly busy month due to a powerful hurricane that hit ut residents of St. Lucia willingly donated thei lood bank collected and processed over 20% more blood than had 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 ResultsBudget Variances Liters of blood collected 580 460 Medical supplies Lab tests Equipment depreciation Rent Utilities Administration 10,626 8,740 $1,886 U 6,123 5,888 235 U 4,375 4,000 375 U 1,758 1,750 e 12,879 12,314 565 U 36,728 33,567 $3,161 U 975 875 100 U Total expense The managing director of the the emergency on the neighboring islands. He also poin blood bank was very unhappy with this report, claiming that his costs were higher than expected due to ted out that the additional costs had been fullv covered by payments from

Explanation / Answer

Actual Spending variances Flexible budget Activity variances Planning budget Liters of blood collected 580 580 460 Medical supplies 10626 394 F 11020 2280 U 8740 Lab tests 6123 1301 F 7424 1536 U 5888 Equipment Depreciation 4375 375 U 4000 0 None 4000 Rent 1750 0 None 1750 0 None 1750 Utilities 975 100 U 875 0 None 875 Administration 12879 157 U 12722 408 U 12314 Total expenses 36728 1063 F 37791 4224 U 33567

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