A report for a company's Assembly Department for the month of March follows: Assembly Department Cost Report For the Month Ended March 31 Actual Results 15,000 Master Budget 20,000 Variances Machine-hours Variable costs: Supplies Scrap Indirect materials Fixed costs: Wages and salaries Equipment depreciation Total cost Required: 42,000 119,000 $ 11,400 $ 12,000 45,000 $ 600 F 3,000 F 142,500 23,500 F 80,000 110,000 5,900 U 0 85,900 110,000 $ 368,300 $ 389,500 $ 21,200 F Prepare a flexible budget performance report for the month of March. Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Required 3 Complete the new performance report for the quarter, based on Flexible Budget Performance approach. (Do not round your intermediate calculations. 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.) Assembly Department Flexible Budget Performance Report For the Month Ended March 31 Actual Spending Variance Results Machine-hours (q) 15,000 Supplies $ 11,400 Scrap 42,000 Indirect materials 119,000 Wages and salaries 85,900 Equipment depreciation 110,000 Total $ 368,300 Flexible Budget Master Volume Variance Budget 20,000 $ 12,000 45,000 142,500 80,000 110,000 $ 389,500