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 information being generated by the system A report for the company's Assembly Department for the month of March follows: Assembly Department Cost Report for the Month Ended March 1 Actual planning Results Budget Variances Machine hours 35,000 40,000 Varble costs Supplies $ 29,700$ 32,000 $2,300 Sara 19.500 20.000 500 Indirect materials 51, 100 56,000 sed costs Naces and salaris 29.200 10,000 pentration 000 60,000 Total con $ 240,00 240.000 $7,500 After receiving a copy of the cost report the supervisor of the Assembly Department stated. These reports are super. It makes me leel 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 gols expressed in the company's monthly budgets Required: ter receiving a copy of this cost report, the supervisor of the Assembly el really good to see how well things are going in my department I can't understand why those people upstairs complai about the reports." For the last several years, the company's marketing department has chronically failed to meet the sales goals expressed in 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 quarter, based on Flexible Budget Performance approach A. Were costs well controlled in March? 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 involoctive since budgeted costs alone 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 vanable costs are controlled Cottroports to effective since budgeted costs at one level of activity are compared to actual costs at another level of activity Cost reports show whether fixed costs and anable costs are controlled 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 information being generated by the system A report for the company's Assembly Department for the month of March follows: Assembly Department Cost Report for the Month Ended March 1 Actual planning Results Budget Variances Machine hours 35,000 40,000 Varble costs Supplies $ 29,700$ 32,000 $2,300 Sara 19.500 20.000 500 Indirect materials 51, 100 56,000 sed costs Naces and salaris 29.200 10,000 pentration 000 60,000 Total con $ 240,00 240.000 $7,500 After receiving a copy of the cost report the supervisor of the Assembly Department stated. These reports are super. It makes me leel 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 gols expressed in the company's monthly budgets Required: ter receiving a copy of this cost report, the supervisor of the Assembly el really good to see how well things are going in my department I can't understand why those people upstairs complai about the reports." For the last several years, the company's marketing department has chronically failed to meet the sales goals expressed in 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 quarter, based on Flexible Budget Performance approach A. Were costs well controlled in March? 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 involoctive since budgeted costs alone 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 vanable costs are controlled Cottroports to effective since budgeted costs at one level of activity are compared to actual costs at another level of activity Cost reports show whether fixed costs and anable costs are controlled