Check my work Problem 9-23 (Algo) Critiquing a Cost Report; Preparing a Performance Report (LO9-1, LO9-2, LO9-3, L09-4) Frank Weston, supervisor of the Freemont Corporation's Machining Department, was visby upset after being reprimanded for his department's poor performance over the prior month. The department's cost control report is given below Fremont Corporation machining Department Cost Control Report For the Month Into Tunes Actual Results Planning Buget variance Maine hours birect labore 174,000 $72,00 $5,000 opii 22.10 20.00 1,500 Haint 33,500 utilities 3,000 20,200 19,300 1.100 Supervision 45,000 13,000 Depreciation 21.00 23.10 $ 213,000 1246,00 16.100 42.000 40,00 20.500 THE "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 mised costs. The fixed component of the budgeted maintenance cost is $12.900: the fixed component of the budgeted utilities cost is $13,000 Required: 2. Complete the performance report that will help Mt. 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 (ie., zero variance). Input all amounts as positive values.)