Cost Control Report For the Month Ended June 30 Static Budget Variance Machine-hours Direct labour wages Supplies Maintenance Utilities Supervision Depreciation Total Actual 38,800 $ 87,300 24,400 101,000 16,700 39,200 80,400 $349,000 Static Budget 34,800 $ 79,200 18,800 110,000 14,100 39,209 80,400 $341,700 $ 8,100 V 5,600 U -9,000 U 2,600 U $ $ 7,300 U "I just can't understand all of these unfavourable 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 amounted to only a couple of hundred dollars, and just look at this report. Everything is unfavourable." Direct labour 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 $92,000; the fixed component of the budgeted utilities cost is $10,300. Required: 1. This part of the question is not part of your Connect assignment. 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.) > Answer is complete but not entirely correct. Volume Variance Freemont Corporation Machining Department Comprehensive Performance Report For the Month Ended June 30 Actual Flexible Budget Variance Flexible Results Budget 38,800 38,800 $ 87,300 $ 1.164 X F $ 88,464 $ $ 24,400 3,448 X U 20,952 X 101,000 11,176 X F 112,176 x 16,700 2,132 U 14,568 % 39,200 0 None 39,200 80,400 0 None 80,400 $ $ 349,000 S 6,760 XF F $ 355,760 $ Machine-hours Direct labor wages Supplies Maintenance Utilities Supervision Depreciation Total Planning Budget 34.800 $ 79,200 18,800 110,000 14,100 39,200 80,400 $ 341,700 9,264 U 8lU 2,152 X U 2176 1U 468 U 0 None 0 None 14,060 X U