All answers shown are correct Please show equations when ans

All answers shown are correct. Please show equations when answering remaining questions.

Frank Weston, supervisor of the Freemont Corporation\'s Machining Department, was visibly upsei after being reprimanded for his department\'s poor performance over the prior month. The department\'s cost control report is given below. Freemont Corporation-Machining Department For the Month Ended June 30 Actual Results Budget Machine-hours Direct labor wages 51,000 S 110,4D0 26,1D0 105,600 5 4,800 U 24 COD 153.000 18,900 51,000 118 C00 Maintenance Utilities 51,000 118,0D0 Total S 483,050 4T0500 $12.550 U I just can\'t understand all these untavorable variances, Weston complained to the supervisor of another department \"When the boss called me in, I thought he was going to give me a pat on the back because I know for a fact that my department worked more emciently last month than n has ever worked before. Instead, he tore me apart. I thought tor a minute that It might be over the supplies that were stolen out of our warehouse last month. But they only amounted to a couple of hundred dollars, and just look at this report. Everything is unfavorable. Direct labor wages and supplies are variable costs supervision and depreciation are fixed costs, and maintenance and utilities are mixed costs The fixed component of he budgeted maintenance cost is $666©® the fixed component ofthe budgeted utilities cost is $11,700. Required 2. Complete the performance report that will help Mr. Weston\'s superiors assess how well costs were controlled in the machining department. (Indicate the effect of each variance by selecting \"F\" for favorable, \"U\" for unfavorable, and \"None\" for no eftect (l.e., zero variance). Input all amounts as positive values.) Freemont ing Department Flexible Budget Performance Report For the Month Ended June 30 ActuaS Spending Variances Activity Variances Planning Direct labor wages Supplies Maintenance S 105,600 24.000 153,000 18,900 51,000 118,000 S 470,500 S 110,400 157,800 19,750 51,000 110,000 S 483,05D Supervision Depreciation

Solution

Flexible budget perrformance report :

	Actual results	Spending variance	Flexible budget	Activity variance	Planning budget
Direct labour wages	110400	1800 F	112200	6600 U	105600
Supplies	26100	600 U	25500	1500 U	24000
Maintenance	157800	600 F	158400	5400 U	153000
Utilities	19750	400 U	19350	450 U	18900
Supervision	51000	0 None	51000	0 None	51000
Depreciation	118000	0 None	118000	0 None	118000
Total	483050	1400 F	484450	13950 U	470500