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: Any Department Cust Report For the Month Ended March 1 Actual Planning Results budget Varice Machine hours 15,000 70,000 Variable costs: Supplies $9.000 $10.500 Scrap 35.000 37,500 2.500 Indirect sterials 101.000 120,000 19.000 Fixed costs and alaries 79,900 75,000 4,900 Equipment depreciation 105.000 10.000 Total cost $230,000 $548,000 $17,200 After receiving 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 10 much about the reports For the last several years, the company's marketing department has chronically failed to meet the sales goala 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 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 your answers in the tabs below. Required Hemed Reed Required Complete the new performance report for the quarter based on Feble Bodet Performance approach. Do not round your intermediate calculations indicate the effect of och variance being for favorable "U" for unfavorable and one for no effect varianco) Inot will amounts positive valus) Westment Corporation Assembly Department FlexibleDude Performance Report For the Month Ended March 31 Actual Flexible Planning Budget Budget Macron 15 000 20.000 5 9,000 000 10000 10 500 37500 Se in me 120 000 05.000 Eque Total 000 10 000 DOO le Taw Prey 2 Next 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 Cast Report For the Month Ende March 11 Actual Planning Ver Machine hors 20,000 Variable costs Supplies $9.900 $ 10,500 $ 600 Scrap 15,000 37.500 > Indirect materials 191.000 120.000 19.000 Fixed costs Wees and salaries 70,000 75,000 . Equipment depreciation 105, Total cost $1,8 M,000 517,200 After receiving 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 tried to meet the sales gouis 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 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 your answers in the tabs below. Required Hungard 2 required) Required The company's president is easy about the cost reports, endly weast two them of the sons) Costers are active since we were the level of activity Costers show whether to record and do now DO Cost reports tective ce budovom and tact Colports show whether costo Required 2 > 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: Any Department Cust Report For the Month Ended March 1 Actual Planning Results budget Varice Machine hours 15,000 70,000 Variable costs: Supplies $9.000 $10.500 Scrap 35.000 37,500 2.500 Indirect sterials 101.000 120,000 19.000 Fixed costs and alaries 79,900 75,000 4,900 Equipment depreciation 105.000 10.000 Total cost $230,000 $548,000 $17,200 After receiving 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 10 much about the reports For the last several years, the company's marketing department has chronically failed to meet the sales goala 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 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 your answers in the tabs below. Required Hemed Reed Required Complete the new performance report for the quarter based on Feble Bodet Performance approach. Do not round your intermediate calculations indicate the effect of och variance being for favorable "U" for unfavorable and one for no effect varianco) Inot will amounts positive valus) Westment Corporation Assembly Department FlexibleDude Performance Report For the Month Ended March 31 Actual Flexible Planning Budget Budget Macron 15 000 20.000 5 9,000 000 10000 10 500 37500 Se in me 120 000 05.000 Eque Total 000 10 000 DOO le Taw Prey 2 Next 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 Cast Report For the Month Ende March 11 Actual Planning Ver Machine hors 20,000 Variable costs Supplies $9.900 $ 10,500 $ 600 Scrap 15,000 37.500 > Indirect materials 191.000 120.000 19.000 Fixed costs Wees and salaries 70,000 75,000 . Equipment depreciation 105, Total cost $1,8 M,000 517,200 After receiving 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 tried to meet the sales gouis 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 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 your answers in the tabs below. Required Hungard 2 required) Required The company's president is easy about the cost reports, endly weast two them of the sons) Costers are active since we were the level of activity Costers show whether to record and do now DO Cost reports tective ce budovom and tact Colports show whether costo Required 2 >