Several years ogo. Westmont Corporation developed a comprehensive budgeting system for planning and control purposes. While departmental supervisors have been happy with the system, the foctory manager has expressed considerabie dissatisfoction with the information being generated by the system. A report for the company's Assembly Department for the month of March follows: After receivine a copy of this cost report, the supervisor of the Assembly Department stated, "These reports are supec. It makes me feel realy good to see how weli things are going in my department. I cant understand why these people upstairs complain so much about the reports." For the last severai years, the company's marketing deportment has chronically foiled to meet the sales goals expressed in the compary's monthly budgets. Required: Required: 1. The company's president is uneasy about the cost reports, identify at least two reasons. 2. What kind of reports sheuld 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 approach. 4. Were costs wel controlled in March? * Answer is not complete. Complete this question by entering your answers in the tabs below: The company's president is uneasy about the cost reports, identify at least two reasons. (Select " X " if the item is one of the reasons.) 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 intzrmediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U* for unfavorable, arid "None" for no effect (it, E. zero variance), Input all amounts as positve values.)