MCQS (6 points) 1 Below is the budget performance report prepared for Dhahran Manufacturing for the year ending December 31, 2020 Dhahran Manufacturing Budget Report For the Year Ended December 31, 2020 Budget Actual Difference Favorable (F) Unfavorable (U) 50,000 tones 60,000 SR 120,000 U SR 400,000 450,000 200,000 240,000 SR 50,000 40,000 U Production in units Costs: Direct materials Direct labor Variable manufacturing overhead: Indirect materials Indirect labor Utilities Depreciation- Equipment Supervision Property taxes 50,000 60,000 30,000 45,000 70,000 73,000 20,000 20,000 25,000 25,000 5,000 5,000 SR 800,000 SR 918,000 10,000 U 15,000 U 3,000 U 0 0 0 SR 118,000 U You are required by the Financial Controller to evaluate the report and provide clear steps and guidelines as to how to improve the contents of the report so that it will be very beneficial for measuring performance of Dhahran Manufacturing. (Note no calculations are required) (6 points)