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 $16,900; the fixed component of the budgeted utilities cost is $14,000. 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.) Freemont Corporation-Machining Department Flexible Budget Performance Report For the Month Ended June 30 Actual Results Revenue and Spending Variances Activity Variances Flexible Budget 42,000 Machine-hours 42,000 Direct labor wages $ F U U Supplies Maintenance U 87,000 27,300 24,400 22,100 53,000 Planning Budget 40,000 $ 84,400 24,800 22,500 21,100 53,000 U Utilities U U 0 None O None Supervision Depreciation O None 53,000 91,000 144,000 91,000 $ 304,800 O None 91,000 $ 296,800 Total U $ U