The following information relates to a company. Production Department Cost Report For the Month Ended July 31 Actual Planning Results Budget Machine-hours 25,000 30,000 Variances $ 8,400 $ 28,000 83,090 9,000 $ 600 F 38,888 2,eee F 97,500 14,500 F Variable costs: Supplies Scrap Indirect materials Fixed costs: Wages and salaries Equipment depreciation Total cost 73,900 70,000 3,980 100,000 100.ee $ 293,300 $ 306,500 $13,200 F Required: Using a Flexible Budget Performance approach complete a new report for the month of July. Complete this question by entering your answers in the tabs below. Required 3 Prepare a new performance report for the month of July. (Do not round your intermediate calculations. Indicate the effect of each by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (ezero variance). Input all amounts as positive valu Company Production Department Flexible Budget Performance Report For the Month Ended July 31 Complete this question by entering your answers in the tabs below. Required 3 Prepare a new performance report for the month of July. (Do not round your intermediate calculations. Indicate the effect of each variance by selecting "E' for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance). Input all amounts as positive values.) Company Production Department Flexible Budget Performance Report For the Month Ended July 31 Flexible Budget Actual Results 25,000 Planning Budget 30,000 Machine-hours (9) Supplies Sarap Indirect materials Wages and salaries Equipment depreciation Total $ 8,400 28,000 83.000 73.000 100.000 $ 293.300 $ 0.000 30.000 97.500 70.000 100.000 $ 300.500