Severol years ago, Westmont Corporation developed o comprehensive budgeting system for planning and control purposes. While deportmentsl supervisors hove been hoppy with the system, the foctory manoger hos expressed considerable dissatisfocson with the informbtion being generated by the system. A report for the compony's Assembly Department for the month of Morch follows: After receiving o copy of this cost report, the supervisor of the Assembly Deportment stated, These reports ore supec. k makes me feel really good to see how well things ore going in my deportment. I con't understond why those people upstsirs cormplain so much obout the reports:" For the last severol years, the company's marketing deportment has chronicoly foiled to meet the sales gools expressed in the compony's morthly budgets. Required: 1. The compony's president is uneosy obout the cost reports, identry at leost two reosons. 2. Whot kind of reports should be used to give better insight into how well deportmental supervisors ore controlling costs? 3. Complete the new performance report for the quarter, bosed on Flexible Budget Performance approoch. 4. Were costs well controlled in March? Complete this question by entering your answers in the tabs below. Coenplete the new performance report for the quarter, based on Fexble Budget Performance approach. (Do not round your interined ate calculations. Indicate the effect of each variance by selecting "F" for tavorable, "U' for unfavorable, and "None" for no effect (Le, zere variancel. Input all ambunts as positive values.)