Several years ago, Westmont Corporation developed a comprehensive budgeting system for planning and control purposes. While departmental supervisors have boen happy with the system, the factory manoger has expressed considerable dissatisfaction with the information being generated by the system. A report for the compony's Assembly Department for the month of March follows: After rocelving 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 falled to meet the sales goals expressed in the company's monthly budgets: Required: 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 controting costs? 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. After fecelving 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 saies goais 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 controling 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. 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.) Complete this question by entering your answers in the tabs below. What kind of reports should be used to give better insight into how well departmental supervisors are controllit Complete this question by entering your answers in the tabs below. Complete the new performance report for the quarter, based on Flexible Budget Performance approach. (Do not round your intermediote calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero vi Input all amounts as positive values.) Complete this question by entering your answers in the tabs below. Were costs well controlled in March