Several years ago, Westmont Corporation developed a comprehensive budgeting system for planning and control purposes. While departmental supervisors heve been happy with the system, the factory manager 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 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 obout the reports." For the last several years, the company's marketing department has cheonically falled to meet the sales goals expressed in the company's monthly budgets. Required: 1. The comoany's nresident is uneasv about the cost rooorts, identifv at least two reasons 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