Several years ago, Westmont Corporation developed a comprehensive budgeting system for planning and control purposes. While departmental supervisors have been happy with the system, the factory manager has expressed considerable dissatisfaction with the informatlon being generated by the system. A report for the company's Assembly Department for the month of March follows: After recelving 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 depantment I cant understand why those people upstairs complain so much about the reports:" For the last several years, the company's marketiog department has chronically faifed 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 departmentai supervisors are controlling costs? 3. Complete the new performance report for the quartec based on Flexible Budget Perlormance approach. 4. Were costs well controlled in March? equired: The company's president is uneasy about the cost reports, Identify at least two reasons 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 quarter, based on Flexible Budget Performance approach. 4. Were costs well controlled in March? Complete this question by entering vour answers in the tabs below. Complete the new performance report for the quarter, based on Flexible Budget Performance apptoach. CDo not round your intermediate calculations. Indicote the effect of emch varlance by selecting "f "for favorable, " U " for unfavorable, and "None" for no effect (Le, zero variance) Input all amounts as positive values.)