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: ily Department the most trded March Planning Muut 15.000 20.00 Vari Varlikle south $9,000,000 $ 600 33,000 3,200 100,500 15.00 Manillari in deprecation Total 100 72.000 4,10 102,000 102,000 5,03321,100 $14,00 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 failed to meet the sales goals expressed in the company's monthly budgets For the last several years, the company's marketing department has chronically failed to meet the sales goals expressed in the company's monthly budgets Required: 1. The company's president is uneasy about the cost reports, Identity 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 1 Required 2 Required Required 4 The company's president is uneasy about the cost reports, Identity at least two reasons. (Select "xu the item is one of the Cost reports active since budpoled costs at one level of activity are compared to actual costs at anoinor level of activity Cost reports show whether feed costs are controlled and do not show whether variable costs are contrated Cost reports are efective since budgetext costs at one level of activity are compared to actual costs al anche lavor of activity Cost reports show whether fixed costs and variable costs are controlled Re Required 2 > Complete this question by entering your answers in Required 1 Required 2 Required 3 Required 4 What kind of reports should be used to give better insight in Flexible budget performance reports must be used Fixed budget performance reports must be used to give better insight in 3. Complete the new performance report for the quarter, base 4. Were costs well controlled in March? Complete this question by entering your answers in the es Required 1 Required 2 Required 3 Required 4 Were costs well controlled in March? Costs were well controlled Costs were not well controlled