Problem 9-23 (Algo) Critiquing a Cost Report; Preparing a Performance Report [LO9-1, LO9-2, LO9-3, LO9-4] Frank Weston, supervisor of the Freemont Corporations Machining Department, was visibly 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 $ 97,400 $ 94,000 $ 3,400 U Supplies 31,300 28,000 3,300 U Maintenance 26,800 24,100 2,700 U Utilities 24,500 22,700 1,800 U Supervision 61,000 61,000 0 Depreciation 107,000 107,000 0 Total $ 348,000 $ 336,800 $ 11,200 U I just cant 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 for a fact that my department worked more efficiently last month than it has ever worked before. Instead, he tore me apart. I thought for a minute that 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 $20,100; the fixed component of the budgeted utilities cost is $14,800. Required: 2. Complete the performance report that will help Mr. Westons superiors assess how well costs were controlled in the machining department. (Round your intermediate calculations to 2 decimal places. 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.)