hapter 9 0 Help Save & Exit Sub Check my work Several 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 manager has expressed considerable dissatisfaction with the information being generated by the system. A report for the company's Assembly Department for t,e month of March follows: Assembly Department Cost Report For the Month Ended March 31 Actual Planning Actual Results Budget Variances Machine-hours 35,000 40, see Variable costs: Supplies $ 29,700 $ 32,000 $2,300 F Scrap 19.500 20.000 S F Indirect materials 51,800 56,000 4,200 F Fixed costs: 79. 2000.00 OF Wages and salaries 60.00 0.00 Equipment depreciation Total cost $ 240, 2005 243,000 $7.500F After receiving a copy of this cost report, the supervisor of the Assembly Department stated, "These reports are super. It makes me feel really good to see how well things are going in my department I can't understand why those people upstairs complain so much Check my wor After receiving a copy of this cost report, the supervisor of the Assembly Department stated, "These reports are super. It makes me feel really good to see how well things are going in my department. I can't understand why those people upstairs complain so much about the reports." For the last several years, the company's marketing department has chronically failed to meet the sales 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 give better insight into how well departmental supervisors are controlling costs? 3. Complete the new performance report for the quarter, based on Flexible Budget Performance approach 4. Were costs well controlled in March? Complete this question by entering your answers in the tabs below. Required 2 Required 3 Required 1 Required 4 The company's president is uneasy about the cost reports, identify at least two reasons. (Select "X" if the item is one of the reasons.) and are compared to actual costs