Problem 9-23 (Algo) Critiquing a Cost Report; Preparing a Performance Report (L09-1, L09-2L09- L09-4] Frank Weston, supervisor of the Freemont Corporation's Machining Department, was upset after being reprimanded fo department's poor performance over the prior month. The department's cost control report is given below: Freemont Corporation-Machining Department Cost Control Report For the Month Ended June 30 Book Print ferences Actual Planning Results Machine-hours Budget Variances 42,000 40,000 Direct labor wages $ 84,400 $82,000 $2,400 U Supplies 26,300 24,000 2,300 U Maintenance 24,900 22,100 2,800 U Utilities 22,600 20,700 1,900 U 51,000 51,000 87,000 87,000 Supervision Depreciation Total $296,200 $286,800 $9,400 U "I just can't understand all of these unfavorable 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 my department worked more fict month than ever before. Instead, he tore me apart. I thought for a minute 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 se Direct labor wages and supplies are variable costs; supervision and depreciation are fixed costs; and maintenance and mixed costs. The fixed component of the budgeted maintenance cost is $16,100; the fixed component of the budgeted s $13,800. Required: 2. Complete the performance report that will help Mr. Weston's superiors assess how well costs were controled in the acting department Note: Do not round your intermediate calculations. Indicate the effect of each variance by selecting P for t > 8 V 8 6