Partially completed budget performance reports for Garland Company, a manufacturer of light duty motors, follow: A. Complete
Question:
Partially completed budget performance reports for Garland Company, a manufacturer of light duty motors, follow:
A. Complete the budget performance reports by determining the correct amounts for the lettered spaces.
B. Compose a memo to Cassandra Reid, vice president of production for Garland Company, explaining the performance of the production division for November.
Transcribed Image Text:
Garland Company Budget Performance Report-Vice President, Productiorn For the Month Ended November 30 Plant Eastern Region Central Region Western Region Actual $2,287,900 2,988,400 Budget Over Budget Under Budget $(12,100) (11,600) $2,300,000 3,000,000 $ (D) $ (23,700) Garland Company Budget Performance Report-Manager, Western Region Plant For the Month Ended November 30 Department Chip Fabrication Electronic Assembly Final Assembly Budget $ (A) 700,000 525,000 $ (D) Actual $ (B) 703,200 516,600 $ (E) Over Budget $ (C) 3,200 Under Budget $(8,400) $(8,400) $ (F) Garland Company Budget Performance Report Supervisor, Chip Fabrication For the Month Ended November 30 Cost Factory wages Materials Power and light Maintenance Budget Actual 95,500 115,300 49,950 37,200 Over Budget $13,500 Under Budget $ 82,000 120,000 45,000 28,000 $(4,700) 4,950 9,200 $27,650 $275,000 $297950
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A A 275000 B 297950 C 22950 D 1500000 E 1517750 F 26150 G 1500000 H 1517750 I 17750 J 6800000 K 6794050 L 17750 Schedules of supporting calculations a...View the full answer
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Related Book For
Financial And Managerial Accounting
ISBN: 9781337119207
14th Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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