Budget performance report for a cost centerGHT Tech Inc. sells electronics over the Internet. The Consumer Products Division is organized as a cost center. The budget for the Consumer Products Division for the month ended July $31$ is as follows:Line Item Description AmountCustomer service salaries $$546,840$Insurance and property taxes $114,660$Distribution salaries $872,340$Marketing salaries $1,025,130$Engineer salaries $836,850$Warehouse wages $586,110$Equipment depreciation $185,120$ Total $$4,167,050$During July, the costs incurred in the Consumer Products Division were as follows:Line Item Description AmountCustomer service salaries $$642,800$Insurance and property taxes $110,240$Distribution salaries $861,200$Marketing salaries $1,085,230$Engineer salaries $815,012$Warehouse wages $562,632$Equipment depreciation $183,610$ Total $$4,260,724$Required:Question Content Area$1.$  Prepare a budget performance report for the director of the Consumer Products Division for the month of July. If an amount box does not require an entry, leave it blank.GHT Tech Inc.Budget Performance Report$—$Director$,$ Consumer Products DivisionFor the Month Ended July $31$Line Item Description Actual Budget Over Budget Under BudgetCustomer service salaries $Customer service salaries $Customer service salaries $Customer service salaries $Customer service salariesInsurance and property taxes Insurance and property taxes Insurance and property taxes Insurance and property taxes Insurance and property taxesDistribution salaries Distribution salaries Distribution salaries Distribution salaries Distribution salariesMarketing salaries Marketing salaries Marketing salaries Marketing salaries Marketing salariesEngineer salaries Engineer salaries Engineer salaries Engineer salaries Engineer salariesWarehouse wages Warehouse wages Warehouse wages Warehouse wages Warehouse wagesEquipment depreciation Equipment depreciation Equipment depreciation Equipment depreciation Equipment depreciationTotal $Total $Total $Total $TotalQuestion Content Area$2.$  For which costs might the director be expected to request supplemental reports?$1.$ Customer service salaries and marketing salaries as they are significantly over budget$2.$ Customer service salaries, warehouse wages and marketing salaries as they have significantly changed$3.$ Engineering salaries and warehouse wages as they are significantly under budget

• •