Freddy Sears, supervisor of the Freemont Corporations Machining Department, was 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 Results Planning Budget Variances Machine-hours 42,000 40,000 Direct labor wages $ 88,300 $ 85,600 $ 2,700 U Supplies 27,800 25,200 2,600 U Maintenance 24,700 22,500 2,200 U Utilities 22,400 21,300 1,100 U Supervision 54,000 54,000 0 Depreciation 93,000 93,000 0 Total $ 310,200 $ 301,600 $ 8,600 U I just cant understand all of these unfavorable variances, Sears 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 my department worked more efficiently last month than ever before. Instead, he tore me apart. I thought for a minute 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. Sears' superiors assess how well costs were controlled in the machining department. Note: Do not round your intermediate calculations. 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.