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 Machine hours Maintenance Depreciation Static Budget Vance 38.300 36.300 $ 4,200 U 23,400 18.400 5.000 U 120.000 127,000 7000 U 16.900 14.700 2.200 U 1.900 $4,400 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 $83,000; the fixed component of the budgeted utilities cost is $11,000. 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.) Results Machine-hours 38.300 Director 83.400 Saples 23,400 Maintenance 120,000 16.500 30.100 Depreciation 81.900 References Worksheet Fremont Corporation-Machining De For the Month Ended June 30 1 Volume Variance Planning Budget Budget Learning Objective:00:00 P explan the need for the Lewing O000 per pod 36.300 $79.200 18.400 127,000 14,700 30,100 1,900