Stveral years ago, Westmont Corporation developed a comprehensive budgeting system for planning and control purposes. While departmental supervisors have been happy with the system, the factory manoger has expressed considerable dissatisfaction with the information being generated by the system. A report for the companys Assenbly Dopartment for the month of March follows: Afer receiving a copy of this cost report the supervisor of the Assembly Department stated, "These reports ace super. it makes me feet really good to see how well things are going in my department. I con't understand why those people upstairs complan so much. about the reports: For the Last several years, the comphays marketing department has chronically talled to meet the salps goals expressed in the company's monthly 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 ghve better insight into how well departmental supervisors are controlling costs? 3. Complete the now performance repont for the quarter, based on Flexible Budget Performance approach. 4. Were costs well controlled in March? Complete the new performance report for the quarter, based on Flexible Budget Performance approach, rDo not round your intermidiate thput dif amounts as positive values.)