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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 Variances Freemont Corporation Machining Department Cost Control Report For the Month Ended June 30 Actual Planning Results Budget Machine-hours 42,000 40,000 Direct labor wages $ 84,400 $ 82,000 Supplies 26,300 24,000 Maintenance 24,900 22,100 Utilities 22,600 20,709 Supervision 51,000 51.000 Depreciation 87,000 87.000 Total $ 296, 200 $ 286,880 5. 2,400 0 2,300 U 2,800 W 1,900 $ 9,400 "I just can't understand all of these unfavorable 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 only amounted to a couple of hundred dollars, and just look at this report Everything is unfavorable" Direct labor wages and supplies are vanable costs, supervision and depreciation are fixed costs, and maintenance and utilities are mixed costs. The fixed component of the budgeted maintenance cost is $16100, the fixed component of the budgeted utilities cost is $13,800 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 varionce by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) Machine-hours Direct labor wages Supplies Maintenance Uslities Supervision Depreciation Total Freemont Corporation-Machining Department Flexible Budget Performance Report For the Month Ended June 30 Actual Flexible Results Budget 42,000 $ 84,400 26,300 24,900 22,600 51.000 87 000 $ 296,200 Planning Budget 40,000 $ 82.000 24,000 22.100 20,700 51,000 87.000 $ 286,800

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