5 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: 20 oints FREEMONT CORPORATION-MACHINING DEPARTMENT Cost Control Report For the Month Ended June 30 Static Budget Variance $ eBook Machine-hours Direct labour wages Supplies Maintenance Utilities Supervision Depreciation Total Actual 38,900 $ 87,400 24,500 106,000 17,200 40,000 80,600 $355,700 Static Budget 35,900 $ 78,500 19,200 110,000 14,400 40,000 80,600 $342,700 8,900 U 5,300 U -4,000 U 2,800 U 0 Print $ 13,000 U References "I just can't understand all of these unfavourable 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 amounted to only a couple of hundred dollars, and just look at this report. Everything is unfavourable." Direct labour 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 $83,000; the fixed component of the budgeted utilities cost is $10,300. Required: 1. This part of the question is not part of your Connect assignment. 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 Comprehensive Performance Report For the Month Ended June 30 Flexible Flexible Budget Variance Budget Actual Results Volume Variance Machine-hours Direct labor wages Supplies Planning Budget 35,900 78,500 19,200 110,000 14,400 40,000 80,600 38,900 $ 87,400 24,500 106,000 17,200 40,000 80,600 Maintenance Utilities Supervision Depreciation Total