Frank Weston supervisor of the Freersont Corporation's Mochining Department, was visibly upset after being regrimanded for his department's poof performance over the prior mionth. The departinent's cost control report is given below: I just can't understand all of these unfovorable variances," Weston complained to the supervisor of another department, "When the poss colled me in, I thought he was going to give me a pot on the back becaise I know for a fact that my deportmont worked more efficlently iast motith than it has ever worked before. Instesd, he tore me apart. I thought for a minute that it might be over the supolies 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 iabor woges and supplies are varable costs; supervision and depreciabion are fixed costs: and maintenance and utilies are mixed costs. The fored component of the budgeted mointenonce cost is $18,900; the fored component of the budgated utilities cost is 514,500 Required: 2. Complete the performance report that will help Mr. Weston's superlors ossess how well costs were controlled in the machining "epartment (Do not round your intermediate calculations. Indicate the effect of each variance by solecting "F" for favorable, "U" for unfavorable, and "None' for no effect (Le., zero variance). Input atl amounts as positive values-) Fverytting is untavoroble: Direct labor wages and supplies are variable costs; supervision and depreciation aro fored costs; and maintenance and utilies are mixed costs. The fixed component of the budgeted maintenance cost is $18,900, the fied component of the budgered utilites cost is $14.500 Required: 2. Complete the performance report that will help Mr. Weston's superiors assess how well costs were controlled in the machining department. (Do not round your intermediate caiculations. 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.)
