33 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: Freemont Corporation-Machining Department Direct labor wages Machine-hours Supplies Maintenance Utilities Cost Control Report For the Month Ended June 30 Actual Results: 42,000 $ 87,000 27,300 Planning Budget 40,000 $ 84,400 Variances $ 2,600 U 24,800 2,500 U 24,400 22,500 1,900 U 22,100 21,100 1,000 U 53,000 53,000 91,000 $304,800 91,000 $296,800 $ 8,000 U Supervision Depreciation Total "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 $16,900, the fixed component of the budgeted utilities cost is $14,000 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 (ie., zero variance). Input all amounts as positive values.) Freemont Corporation-Machining Department Flexible Budget Performance Report For the Month Ended June 30 Actual Results Flexible Planning Budget Budget Machine-hours 42,000 40,000 Direct labor wages $ 87,000 $ 84,400 Supplies 27,300 24,800 Maintenance 24,400 22,500 Utilities Supervision 22.100 21,100 53,000 53.000 91,000 Depreciation 91,000 $ $ 296,800 Total $ 304,800 Pray 6 of 6 Next