Greene Enterprises prepares monthly departmental reports in an effort to control its operating costs. Each department has a manager to whom the report is addressed and who is held responsible for the operating results in his or her department. The report made to Department D for October follows: Budgeted Actual Sales$56,000$63,000 Costs of goods sold 39,20037,800 Gross margin16,80025,200 Direct operating expenses*16,720 18,000 Contribution to indirect expense$80 $7,200 *of which $10,000 are costs not varying directly with sales volume at the expected level of sales. Required: Prepare a report that will be of more value in analyzing and appraising the performance of the manager of Department D for October. Comment on the operating results. Greene Enterprises prepares monthly departmental reports in an effort to control its operating costs. Each department has a manager to whom the report is addressed and who is held responsible for the operating results in his or her department. The report made to Department D for October follows: Budgeted Actual Sale s$56,000 $63,000 Costs of goods sold 39,200 37,800 Gross margin 16,800 25,200 Direct operating expenses* 16,720 18,000 Contribution to indirect expense$80 $7,200 *of which $10,000 are costs not varying directly with sales volume at the expected level of sales. Required: Prepare a report that will be of more value in analyzing and appraising the performance of the manager of Department D for October. Comment on the operating results.