Help Save & Exit Submit Check my work Several years ago. Westmont Corporation developed a comprehensive budgeting system for planning and control purposes. While departmental supervisors have been happy with the system, the factory manager has expressed considerable dissatisfaction with the information being generated by the system. A report for the company's Assembly Department for the month of March follows: Assembly Department Cost Report For the Month Ended March 31 Actual Planning Results Budget Variances Machine-hours 15,000 20,000 Variable costs: Supplies Scrap Indirect materials Fixed costs: Wages and salaries Equipment depreciation Total cost $ 9,300 $ 9,900 $ 600 F 32,200 34,500 2,380 F 93,800 111,000 17,200 F 77,500 73,000 4,500 U 103,000 103,000 $315,800 $331,400 $15,600 F After receiving a copy of this cost report, the supervisor of the Assembly Department stated, "These reports are super. It makes me feel really good to see how well things are going in my department. I can't understand why those people upstairs complain so much about the reports." For the last several years, the company's marketing department has chronically failed to meet the sales goals expressed in the company's monthly budgets. Required: Prou 3 of 3 Noyt Check my work Scrap Indirect materials Fixed costs: Wages and salaries Equipment depreciation Total cost 32,200 34,500 2,300 F 93,800 111,000 17,200 F 77,500 73,000 4,500 U 103,000 103,000 $315,800 $331, 400 $15,600 F After receiving a copy of this cost report the supervisor of the Assembly Department stated, "These reports are super. It makes me feel really good to see how well things are going in my department. I can't understand why those people upstairs complain so much about the reports." For the last several years, the company's marketing department has chronically failed to meet the sales goals expressed in the company's monthly budgets. Required: 1. The company's president is uneasy about the cost reports, identify at least two reasons. 2. What kind of reports should be used to give better insight into how well departmental supervisors are controlling costs? 3. Complete the new performance report for the quarter, based on Flexible Budget Performance approach. 4. Were costs well controlled in March? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 The company's president is uneasy about the cost reports, identify at least two reasons. (Select "X" if the item is one of th reasons.) ezto.mheducation.com + ccounting Fall 2021 M Question 3 - Chp 9 Connect - Connect nect Saved Help Save & Exit Submit Check my work !quired: The company's president is uneasy about the cost reports, identify at least two reasons. What kind of reports should be used to give better insight into how well departmental supervisors are controlling sts? Complete the new performance report for the quarter, based on Flexible Budget Performance approach Were costs well controlled in March? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 The company's president is uneasy about the cost reports, Identify at least two reasons. (Select "X" if the item is one of the reasons.) ost reports are ineffective since budgeted costs at one level of activity are compared to actual costs I another level of activity ost reports show whether fixed costs are controlled and do not show whether variable costs are ontrolled ost reports are effective since budgeted costs at one level of activity are compared to actual costs at nother level of activity ost reports show whether fixed costs and variable costs are controlled Required 2 > Recured Check my work Required: 1. The company's president is uneasy about the cost reports, identify at least two reasons. 2. What kind of reports should be used to give better insight into how well departmental supervisors are controlling costs? 3. Complete the new performance report for the quarter, based on Flexible Budget Performance approach 4. Were costs well controlled in March? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 What kind of reports should be used to give better insight into how well departmental supervisors are controlling costs? Flexible budget performance reports must be used Fixed budget performance reports must be used Saved Help Save & Exit Submit Check my work Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Complete the new performance report for the quarter, based on Flexible Budget Performance approach. (Do not round you calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effe variance). Input all amounts as positive values.) Westmont Corporation Assembly Department Flexible Budget Performance Report For the Month Ended March 31 Actual Flexible Planning Budget +3udget Machine-hours (9) 15,000 20,000 Results $ $ 9,900 9,300 32,200 Supplies Scrap Indirect materials Wages and salaries Equipment depreciation Total 93,800 77,500 103,000 $ 315,800 34,500 111,000 73,000 103,000 $ 331,400 > Required 4