Machine-hours Direct labor wages Supplies Maintenance nopore For the Month Ended June 30 Actual Results 42,000 $ 76,600 23,300 Planning Budget 40,000 $ 74,800 21,600 Variances $ 1,800 U 1,700 U Utilities Supervision Depreciation Total 23,100 20,900 2,200 U 20,800 19,500 1,300 U 45,000 75,000 45,000 0 75,000 $ 263,800 $ 256,800 0 $ 7,000 U 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 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 $13,700; the fixed component of the budgeted utilities cost is $13,200. Required: 2. Complete the performance report that will help Mr. Weston's 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. Freemont Corporation-Machining Department Flexible Budget Performance Report For the Month Ended June 30 Actual Results Machine-hours 42,000 Direct labor wages $ 76,600 Supplies 23,300 Maintenance Utilities Supervision Depreciation 23,100 20,800 45,000 75,000 Total $ 263,800 Flexible Budget Planning Budget 40,000 $ 74,800 21,600 20,900 19,500 45,000 75,000 $ 256,800