Several years ago, Westmont Corporation developed a comprehensive budgeting system for planning and control purposes Whie fepartmental supervisors have been happy with the system, the factory managor has expressed considerabie dissatisfaction with the nformation being generated by the system. report for the company's Assembly Department for the month or March follows: After recelving a copy of this cost report, the supervisor of the Assembly Deportment stated, "These reports are super. It makes me feel really good to see how weil things are going in my department. con 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 monthiy 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 belter insight into how well departmental supervisors are controlling costs? 3. Complete the new performance report for the quarter, based on Flexible Budget Performance opproach. 4. Were costs well controlled in March? Complete this question by entering your answers in the tabs below. The company's president is uneasy about the cost reports, identify at lenst two reasons, (Select " X " if the item is one or the reasons.)