Budget Performance Report for a Cost Center Sneed Industries Company sells vehicle parts to manufacturers of heavy construction equipment. The Crane Division is organized as a cost center. The budget for the Crane Division for the month ended August 31, 2046, is as follows (in thousands): Customer service salaries $ 437,500 Insurance and property taxes 87,500 Distribution salaries 831,250 Marketing salaries 525,000 Engineer salaries 1,295,000 Warehouse wages 490,000 Equipment depreciation 271,250 Total $ 3,937,500 During August, the costs incurred in the Crane Division were as follows: Customer service salaries $ 625,600 Insurance and property taxes 83,470 Distribution salaries 798,150 Marketing salaries 630,700 Engineer salaries 1,255,025 Warehouse wages 467,330 Equipment depreciation 263,500 Total $ 4,123,775 Required: Required: 1. Prepare a budget performance report for the director of the Crane Division for the month of August. Enter amounts in thousands (same format as the data above). If an amount box does not require an entry, leave it blank. Sneed Industries Company Budget Performance Report-Director, Crane Division For the Month Ended August 31, 2046 Budget Actual Over Budget (Under) Budget Customer service salaries $ Insurance and property taxes Distribution salaries Marketing salaries Engineer salaries Warehouse wages Equipment depreciation Total