1. Sydney Ltd Company is a small tool manufacturing organization and sales of 3500000 in each year. The company is based on a process costing system, which includes four manufacturing departments of: feeding, processing, finishing and packaging (all located in a workshop). Fixed production overheads are absorbed on a blanket overhead absorption rate. Budgeted results and actual results for May 2018 are shown below: Mechanism department performance reports In 2018 May (deadline May 31, 2018) et Actual Production (units 3000 The production cost: Direct material Direct labor Variable production33300 3185 185 (F) variable 24000 27750 24845 29300 35035 845 (A) 1550 (A) 1735 (A) Total variable 85050 89180 4130 tion cost The fixed cost of on: Indirect labor 3300 1500 3334 1500 34 (A) ation Taxes Insurance Other Total fixed cost Company cost: 240 930 6270 240 1027 6401 97 (A) E131 (A) 1328 47S (A) 1803 (A) and 2400 3728 Marketing and3600 mana Total c Total cost 4075 cost 6000 7803 103384 97320 E6064 (A) Requirements: 1, Read May performance report, by the report and other materials provided from elsewhere to: (a st for the purpose and natures of the budget. (b) Point out the mistakes of the performance report and put forward measures to solve it. 2, Use the May materials to prepare a performance report of the mechanism