Several years ago, Shipley Corporation developed a comprehensive budgeting system for profit 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 typical departmental cost report for a recent period follows: Assembly Department Cost Report For the Month Ended March 31 Planning Budget Actual Results Variances Machine-hours 30,000 25,000 Variable costs: Supplies $ 6,000 $ 5,400 $ 600 F Scrap 15,000 14,000 1,000 F Indirect materials 52,500 47,000 5,500 F Fixed costs: Wages and salaries 60,000 61,900 1,900 U Equipment depreciation 90,000 90,000 Total cost $ 223,500 $ 218,300 $ 5,200 F Complete the new performance report for the quarter, based on answer to (2) above. (Input all amounts as positive values. Leave no cells blank - be certain to enter "0" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Omit the "$" sign in your response.) Assembly Department Performance Report For the Month Ended March 31 Activity Variances Budget Revenue and Spending Variances Machine-hours Supplies $ $ $ Scrap Indirect materials Wages and salaries Equipment depreciation Total $ $ $