can you please show steps, as i am trying to understand how to work this problem? i will rate. thank you

00 8 Problem 9-23 (Algo) Critiquing a Cost Report; Preparing a Performance Report (LO9-1, LO9-2, LO9-3, LO9-4] 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: 0.7 points eBook Variances References Freemont Corporation-Machining Department Cost Control Report For the Month Ended June 30 Actual Planning Results Budget Machine-hours 42,000 40,000 Direct labor wages $ 96,100 $ 92,800 Supplies 30,800 27,600 Maintenance 26,500 23,700 Utilities 24,200 22,500 Supervision 60,000 60,000 Depreciation 105,000 105,000 Total $ 342,600 $ 331,600 $ 3,300 V 3,200 u 2,800 U 1,700 U 0 $ 11,000 V "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 $19,700; the fixed component of the budgeted utilities cost is $14,700. 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 (i.e., zero variance). Input all amounts as positive values.) Machine-hours Direct labor wages Freemont Corporation Machining Department Flexible Budget Performance Report For the Month Ended June 30 Actual Flexible Results Budget 42,000 $ 96,100 30,800 26,500 24,200 60,000 105,000 $ 342,600 $ 0 Planning Budget 40,000 $ 92,800 27,600 23,700 22.500 Supplies Maintenance Utilities Supervision Depreciation 60,000 105,000 $ 331,600 Total