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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

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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 Actual Static Budget Variance Machine-hours 37,900 33,900 Direct labour wages $ 87,500 $ 79,400 $ 8,100 U Supplies 24,600 19,700 4,900 U Maintenance 112,000 116,eee -4,000 U Utilities 16,300 14,000 2,300 U Supervision 39,700 39,700 Depreciation 81,900 81,900 Total $362,000 $350,700 $ 11,300 U 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 $98,000, the fixed component of the budgeted utilities cost is $10,000 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.) Volume Variance Machine-hours Direct labor wages Supplies Maintenance Utilitios Supervision Depreciation Total Freemont Corporation-Machining Department Comprehensive Performance Report For the Month Ended June 30 Actual Flexible Results Flexible Budget Variance Budget 37.900 $ 87,500 24,600 112,000 16,300 39,700 81,900 Planning Budget 33,900 $ 79,400 19,700 116,000 14,000 39,700 81,900

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