Assembly Department Cost Report For the Month Ended March 31 Actual Planning Results Budget 25,000 30,000 Variances Machine hours 57,509 5 8,1005 600 F 23,800 25,500 1,700 F 72,200 84,000 11,800 F Variable costs: Supplies Scrap Indirect materials Fixed costs: Wages and salaries Equipment depreciation Total cost 78,300 67,000 3,300 U 97.000 97,000 $ 270,800 $281,600 510,600 F After receiving a copy of this cost report, the supervisor of the Assembly Department stated. These reports are super. It makes me feel really good to see how well things are going in my department I can't understand why those people upstairs complain so much about the reports For the lost several years, the company's marketing department has chronically folled to meet the sales goals expressed in the company's monthly budgets. 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.) Westmont Corporation Assembly Department Flexible Budget Performance Report Actual Results For the Month Ended March 31 Revenue and Spending Flexible Variances Budget Activity Variances Planning Budget 30,000 Machine-hours (0) 25,000 $ U 5 8.100 25,500 Supplies Scrap Indirect materials Wages and salaries Equipment depreciation 7,500 23,800 72,200 70,300 97.000 U U U of None ru of None O None TE 84,000 67.000 97.000 $ 281.600 Total $ 270,800