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: FREEMONT CORPORATION-MACHINING DEPARTMENT Cost Control Report For the Month Ended June 30 Static Budget Variance $ Machine-hours Direct labour wages Supplies Maintenance Utilities Supervision Depreciation Total Actual 38,888 $ 87,388 24,400 101,cee 16,789 39,209 89,400 $349,000 Static Budget 34,800 $ 79,200 18,800 110,eee 14,100 39,200 80,400 $341,700 8,100 5,600 U -9, eee u 2,600 U $ 7,300 u "I just can't understand all of these unfavourable varlances." 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 Intermedlate calculations to 2 decimal places. Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (1.e., zero varlance). Input all amounts as positive values.) Freemont CorporationMachining Department Comprehensive Performance Report For the Month Ended June 30 Flexible Flexible Budget Variance Budget Volume Variance Actual Results 38.800 s 87,300 Machine-hours Direct labor wages Supplies Maintenance Planning Budget 34.800 $ 79,200 18.800 24,400 101,000 110,000 Utilities 16.700 39,200 Supervision Depreciation Total 14,100 39,200 80,400 80,400 S