1 Below is the budget performance report prepared for Dhahran Manufacturing for the year ending December 31, 2020 Dhahran Manufacturing Budget Report For the Year Ended December 31, 2020 Budget Actual Difference Favorable (F) Unfavorable (U) Production in units 50,000 tones 60,000 SR 120,000 Costs: Direct materials SR 400,000 450,000 SR 50,000 U Direct labor 200,000 240.000 40,000 U Variable manufacturing overhead: Indirect materials 50,000 60,000 10,000 U Indirect labor 30.000 45.000 15.000 U Utilities 70,000 73,000 3,000 U Depreciation- Equipment 20,000 20,000 0 Supervision 25,000 25.000 0 Property taxes 5,000 3.000 0 SR 800,000 SR 918,000 SR 118.000 U You are required by the Financial Controller to evaluate the report and provide clear steps and guidelines as to how to improve the contents of the report so that it will be very beneficial for measuring performance of Dhahran Manufacturing. (Note no calculations are required). (6 points) CH