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### Frank Weston, supervisor of the Freemont Corporations Machining Depa.pdf

1. 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: "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 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 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 the budgeted maintenance cost is \$14,900, the fixed component of the budgeted utilities cost is 513,500. Required: 2. Complete the performance report that will help Mr. Weston's superiors assess how well costs were controlled in the machining depanment. (Do not round your intermediate calculations. Indicate the effect of each varionce by selecting "F" for favorable. "U" for unfovorable, ond "None" for no effect (i.e., zero voriance). Input all amounts as positive volues.) "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 for a fact that my department worked more efficiently last month than it has ever worked before. Instead, he tore me apat. I thought for 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 mbed costs. The fixed component of the budgeted maintenance cost is \$14,900, the fixed component of the budgeted utilities cost is 513,500 Required: 2 Complete the performance report that will help Mr. Weston's superiors assess how well costs were controlled in the machining depurtment. (Do not round your intermediate calculations. Indicate the effect of each variance by selecting "F" for fovorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)
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