Several years ago, Westmont Corporation developed a comprehensive budgeting system for plonning and control purposes. While deportmental supervisors hove been happy with the system, the factory manager has expressed considerable dissatisfaction with the information being generoted by the system. A report for the compony's Assembly Department for the month of Morch follows: After receiving a copy of this cost report, the supervisor of the Assembly Department stated, These reports are super. It makes me feel reslly good to see how well things ore going in my deportment I con't understond why those people upstairs complain so much about the reports." For the last several years, the company's marketing deparment has chronically falled to meet the sales goals expressed in the compony's monthly budgets. Required: 1. The company's president is uneosy about the cost repors, identify ot leost two reosons. 2. What kind of reports should be used to give better insight into how well deportmental supervisors are controlling costs? 3. Complete the new performance report for the quarter, based on Flexible Budget Performance opprosch. 4. Were costs well controlled in Morch? Complete this question by entering your answers in the tabs below. Complete the new performance report for the quarter, based on Fexible Budget Performance approach. (Do not round your intermediate calculations. Indicate the effect of each variance by selecting "F "for favorable, "U' for unfavorable, and "None" fur no effect (Le, zero varlance). Input all amounts as positive values.)