Extracted text: Frank Weston, supervisor of the Freemont Corporation's Machining Department, was visibly upset 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 Cost Contro1 Report For the Month Ended June 30 Static Budget Variance Static Budget 35, 200 $ 80,000 Actual Machine-hours Direct labour wages 37,200 $ 86,500 $4 4,300 U -3,000 U 2,100 U 6,500 U Supplies Maintenance 23,600 19,300 122,000 14,600 40, 000 119,000 Utilities 16,700 Supervision Depreciation 40,000 82,000 82,000 Total $367,800 $357,900 $ 9,900 U "I just can't understand all of these unfavourable 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 efficiently last month than it has ever worked before. Instead, he tore me apart. I thought for a minute that it might be over the supplies that were stolen out of our warehouse last month. But they amounted to only a couple of hundred dollars, and just look at this report. Everything is unfavourable." Direct labour wages and supplies are variable costs; supervision and depreciation are fixed costs; and maintenance and utilities are mixed costs. The fixed component of the budgeted maintenance cost is $83,000; the fixed component of the budgeted utilities cost is $11,100. Required: 1. This part of the question is not part of your Connect assignment. 2. Complete the performance report that will help Mr. Weston's superiors assess how well costs were controlled in the machining department. (Round your intermediate calculations to 2 decimal places. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) 2. Complete the performance report that will help Mr. Weston's superiors assess how well costs were controlled in the machining department. (Round your intermediate calculations to 2 decimal places. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) Freemont Corporation-Machining Department Comprehensive Performance Report For the Month Ended June 30 Actual Results Flexible Planning Budget Flexible Budget Variance Volume Variance Budget Machine-hours 37,200 35,200 Direct labor wages 86,500 $ 80,000 Supplies 23,600 19,300 Maintenance 119,000 122,000 Utilities 16,700 14,600 Supervision 40.000 40,000 Depreciation 82,000 82,000 Total $