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 Variable costs: Supplies Scrap Indirect materials Fixed costs: Wages and salaries Equipment depreciation Total cost 8,100 $8,700 $ 600 F 26,600 28,500 1,900 F 79,400 93,000 13,600 F 72,700 69,000 3,700 V 99,000 99,000 $ 285,800 $ 298,200 $12,480 F Required: Using a Flexible Budget Performance approach complete a new report for the month of July. plete this question by entering your answers in the tabs below. Help Save 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 (I... 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 (0 25.000 30.000 U Supplies Scrap Indirect materials Wages and salaries Equipment depreciation Total $ 8.100 26,600 79.400 72.700 99.000 5 285 800 U U U None $ 8.700 28 500 93.000 69.000 99.000 5 290,200