The following information relates to a company Production Department Cost Report For the Month foded July 31 Actual Plannin Results fludget Variances Machine-hours 15,000 20,000 Variable costs: Supplies $ 9,600 $ 10,200 $ 600 Scrap 3),600 36,000 2.400 Indirect materials 97,400 115,500 10,100 xed costs: Wages and stories 78.700 74.000 4.700 Equipment depreciation 104.000 104,00 Total cost $323, 31 $339,700 $16,400F 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 Prepare a new performance report for the month of July (Do not round your intermediate calculations. Indicate the effect of each Variance ny selecting '' for favorable, *U* for unfavorable, and "None for no effect (ezero variance), Input all amounts as positive values Company Production Department Flexible Budget Performance Report For the Month Ended July 31 Flexible Budget Actual Results 15,000 Planning Budget 20,000 Machine hours Dann 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 "F" 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 Actual Flexible Planning Results Budget Budget Machine-hours (9) 15,000 20.000 Supplies Scrap Indirect materials Wages and salaries Equipment depreciation Total $ 9,600 33,000 97,400 78,700 104,000 $ 323,300 $ 10.200 36.000 115,500 74,000 104,000 $ 339,700