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 Actual Planning Results Budget Variances Machine-hours 42,000 40,000 Direct labor wages $ 87,000 $ 84,400 $2,600 U Supplies 27,300 24,800 2,500 Maintenance 24,400 22,500 1,980 Utilities 22,100 21,100 1,000 U Supervision 53,000 53,000 @ Depreciation 91,000 91,000 Totat $ 304,800 $296,800 $8,000 U "I just can't understand all of these unfavorable variances." Weston complained to the superpisor 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 only amounted to a couple of hundred dollars, and just look at this report. Everything is unfavorable." Direct labor wages and supplies are variable costs, supervision and depreciation are foxed 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 (le, zero variance). Input all amounts as positive values.) po O Colline lixed component of the budgeted maintenance cost is $16.900, the forced component of the budgeted unities 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 "P" for favorable, "U" for unfavorable, and "None" for no effect (ie, zero variance). Input all amounts as positive values.) Print References Freemont Corporation Machining Department Flexible fudget Performance Report For the Month Ended June 30 Actus Flexible Results Budget 42,000 Machine-hour 40.000 Director wages Supplies Maintenance Units Supervision Depreciation Total $ 87.000 27,300 24,400 22.100 33.000 91.000 $ 304 300 5 400 24000 22.500 21.100 $3,000 01000 $ 2.800