Question
Frank Weston, supervisor of the Freemont Corporations Machining Department, was visibly upset after being reprimanded for his departments poor performance over the prior month. The
Frank Weston, supervisor of the Freemont Corporations Machining Department, was visibly upset after being reprimanded for his departments poor performance over the prior month. The departments cost control report is given below: FREEMONT CORPORATIONMACHINING DEPARTMENT Cost Control Report For the Month Ended June 30 Actual Static Budget Static Budget Variance Machine-hours 40,400 37,000 Direct labour wages $ 86,100 $ 85,100 $ 1,000 U Supplies 24,500 22,200 2,300 U Maintenance 147,300 144,200 3,100 U Utilities 18,100 17,400 700 U Supervision 42,000 42,000 0 Depreciation 84,000 84,000 0 Total $ 402,000 $ 394,900 $ 7,100 U
This part of the question is not part of your Connect assignment.
2. Complete the performance report that will help Mr. Westons 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.)
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