please answer all 4 parts

A report for Easterly Corporation's production department for the month of May follows: Production Department Cost Report For the Month Ended May 31 Actual Planning Results Budget 15,000 20,000 Variances Machine-hours $ 9,900 $ 10,500 35,000 37,500 101,000 120,000 $ 600 F 2,500 F 19,000 F Variable costs: Supplies Scrap Indirect materials Pixed costs: Wages and salaries Equipment depreciation Total cost 4,900 U 79,900 75,000 105,000 105,000 $330,800 $348,000 $17,200 F After receiving a copy of this cost report, the supervisor of the Production 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 month of May, based on Flexible Budget Performance approach. 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 month of May, based on Flexible Budget Performance approach. 4. Were costs well controlled in May? 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.) Cost reports are ineffective since budgeted costs at one level of activity are compared to actual costs at another level of activity Cost reports show whether fixed costs are controlled and do not show whether variable costs are controlled. Cost reports are effective since budgeted costs at one level of activity are compared to actual costs at another level of activity Cost reports show whether foxed costs and variable costs are controlled. Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Prepare a new performance report for the month of May. (Do not round your intermediate calculations. Indicate the by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance). Input all amounts Easterly Corporation Production Department Flexible Budget Performance Report For the Month Ended May 31 Flexible Budget Actual Results 15,000 Planning Budget 20,000 Machine-hours (9) $ 'T T Supplies Scrap Indirect materials Wages and salaries Equipment depreciation Total $ 9,900 35,000 101,000 79,9001 105,000 $ 330,800 10,500 37,500 120,000 75,000 105,000 348,000 ALL Required 2 Required 4 >