A report for a company's Assembly Department for the month of March follows: Assembly Department Cost Report For the Month Ended March 31 Machine-hours Variable costs: Supplies Scrap Indirect materials Fixed costs: Wages and salaries Equipment depreciation Total cost Actual Results 25,000 Master Budget 30,000 Variances $ 6,900 21,000 $ 7,500 22,500 $ 600 F 1,500 F 65,000 75,000 10,000 F 67,900 65,000 95,000 95,000 2,900 U $ 255,800 $ 265,000 $ 9,200 F Required: Prepare a flexible budget performance report for the month of March. 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 Results Spending Variance Machine-hours (q) 25,000 Supplies $ 6,900 Scrap 21,000 Indirect materials 65,000 Wages and salaries 67,900 Equipment depreciation 95,000 Total $ 255,800 Flexible Master Volume Variance Budget Budget 30,000 $ 7,500 22,500 75,000 65,000 95,000 $ 265,000