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 ResultsPlanning BudgetVariances

Machine-hours42,00040,000

Direct labor wages$ 88,300$ 85,600$ 2,700U

Supplies27,80025,2002,600U

Maintenance24,70022,5002,200U

Utilities22,40021,3001,100U

Supervision54,00054,0000

Depreciation93,00093,0000

Total$ 310,200$ 301,600$ 8,600U

I just cant 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 variable costs; supervision and depreciation are fixed costs; and maintenance and utilities are mixed costs. The fixed component of the budgeted maintenance cost is $17,300; the fixed component of the budgeted utilities cost is $14,100.

Required:

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.)

Frank Weston, supervisor of the Freemont Corporation's Machining Department, was visibly upset efter 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 on 30 Actual Planning Results Budget Machine-hours 42,000 40,000 Direct labor wages $ 88,500 $ 85,600 Supplies 27.500 25,200 Maintenance 24,700 utilities 22,400 21,300 Supervision 54,000 50.000 Depreciation 93,000 93.000 Total $310,200 $ 301,600 Variances $ 2,700 2,600 2,200 1.100 22.500 58,600 lorences "I just can't understand all of these unfavorable variances. Westo complained to the supervisor of another department when the boss called me in, I thought he was going to give me a pot 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 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 arewed cousand maintenance and its are mbed costs. The foed component of the budgeted maintenance cost is $17,300, the foxed component of the budgeted the cost 514100 Required: 2. Complete the performance report that will help Me Weston's superiors assess how well costs were controlled in the maching department (Round your intermediate calculations to 2 decimal places. Indicate the effect of each variance by selecting For favorable, "U" for unfavorable, and "None" for no effectie. Dere variance). Input all amounts as positive values Corporation Machining Department Direct labor wages and supplies are variable costs, supervision and depreciation are fixed costs, and maintenance and sellises are mixed costs. The fixed component of the budgeted maintenance cost is $17.300 the fixed component of the budgeted utilities costas $14,100 Required: 2. Complete the performance report thet 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" for favorable, "U" for unfavorable, and "None" for no effectie, zero variance). Input all amounts as positive values.) Machine-hours Direct labor wages Supplies Maintenance Utilities Supervision Depreciation Total Freemont Corporation-Machining Department Flexible Budget Performance Report For the Month Ended June 30 Actual Flexible Results Budget 42.000 $ 89 300 27.800 24.700 22 400 54.000 93,000 $310.200 Planning Budget 40.000 $35.000 25200 22.500 2010 se 000 1000 0 000 7