3 Frank Weston, supervisor of the Freemont Corporation's Machining Department, was visibly upset after being reprimanded for his department's poor performance over the prior month. The department's cost control report is given below: 10 points eBook Freemont Corporation-Machining Department Cost Control Report For the Month Ended June 30 Actual Results Planning Budget Variances Machine-hours 42,000 40,000 Direct labor wages $ 93,500 $ 90,400 $ 3,108 v Supplies 29,800 26,800 3 , U Maintenance 25,900 23,300 2,600 U Utilities 23,600 22,100 1,5ee U Supervision 58,000 58,000 e Depreciation 101, eee 101, eee @ Total $ 331,800 $321,600 $10,200 u Print References "I just can't understand all of these unfavorable variances." Weston complained to the supervisor of another department. "When the boss called me in, I thought he was going to give me a pat on the back because I know for a fact that my department worked more efficiently last month than it has ever worked before. Instead, he tore me apart. I thought for a minute that it might be over the supplies that were stolen out of our warehouse last month. But they only amounted to a couple of hundred dollars, and just look at this report. Everything is unfavorable." Direct labor wages and supplies are variable costs; supervision and depreciation are fixed costs; and maintenance and utilities are mixed costs. The fixed component of the budgeted maintenance cost is $18,900; the fixed component of the budgeted utilities cost is $14,500 Required: 2. Complete the performance report that will help Mr. Weston's superiors assess how well costs were controlled in the machining department. (Round your intermediate calculations to 2 decimal places. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) Freemont Corporation-Machining Department Flexible Budget Performance Report For the Month Ended June 30 Actual Flexible Results Budget 42,000 Planning Budget 40,000 Machine-hours Direct labor wages Supplies Maintenance Utilities Supervision Depreciation Total $ 93,500 29,800 25,900 23,600 58,000 101,000 $ 331,800 $ 90,400 26,800 23,300 22,100 58,000 101,000 $ 321,600 $