Several years ago, Westmont Corporation developed a comprehensive budgeung system for planning and control purposes. While departmental supervisors have been happy wth the system, the factory manager has expressed considerable dissatisfaction wth the Information betng generated by the system. A report for the company's Assembly Department for the month of March follows: After recelMng a copy of this cost report, the supervsor 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 falled to meet the sales goals expressed in the company's monthly budgets. Required: 1. The company's president is uneasy about the cost reports, idenufy at least two reasonis. 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 Flexdble Budget Performance approach. 4. Were costs well controlled in March? Q Answer is not complete. Complete this question by entering your answers in the tabs below. Complete the new performance report for the quarter, based on Flexible 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" for no effect (i.e., zero variance), Input all amounts as positive values.)