Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Budget Performance Reports for Cost Centers Partially completed budget performance reports for Delmar Company, a manufacturer of light duty motors, follow: Delmar Company Budget Performance
Budget Performance Reports for Cost Centers
Partially completed budget performance reports for Delmar Company, a manufacturer of light duty motors, follow:
Delmar Company Budget Performance ReportVice President, Production For the Month Ended June 30 | ||||||||
Plant | Actual | Budget | Over Budget | (Under) Budget | ||||
Eastern Region | $4,200,000 | $4,250,000 | $(50,000) | |||||
Central Region | 6,175,000 | 6,200,000 | (25,000) | |||||
Western Region | (g) | (h) | $(i) | |||||
$(j) | $(k) | $(l) | $(75,000) |
|
Delmar Company Budget Performance ReportManager, Western Region Plant For the Month Ended June 30 | ||||||||
Department | Actual | Budget | Over Budget | (Under) Budget | ||||
Chip Fabrication | $(a) | $(b) | $(c) | |||||
Electronic Assembly | 2,575,000 | 2,500,000 | 75,000 | |||||
Final Assembly | 1,640,000 | 1,700,000 | $(60,000) | |||||
$(d) | $(e) | $(f) | $(60,000) |
Delmar Company Budget Performance ReportSupervisor, Chip Fabrication For the Month Ended June 30 | ||||||||
Cost | Actual | Budget | Over Budget | (Under) Budget | ||||
Factory wages | $1,450,000 | $1,200,000 | $250,000 | |||||
Materials | 1,575,000 | 1,600,000 | $(25,000) | |||||
Power and light | 945,000 | 900,000 | 45,000 | |||||
Maintenance | 330,000 | 300,000 | 30,000 | |||||
$4,300,000 | $4,000,000 | $325,000 | $(25,000) |
a. Complete the budget performance reports by determining the correct amounts for the lettered spaces (a-l) as marked above.
a. $fill in the blank 1 | g. $fill in the blank 2 |
b. $fill in the blank 3 | h. $fill in the blank 4 |
c. $fill in the blank 5 | i. $fill in the blank 6 |
d. $fill in the blank 7 | j. $fill in the blank 8 |
e. $fill in the blank 9 | k. $fill in the blank 10 |
f. $fill in the blank 11 | l. $fill in the blank 12 |
THANK YOU!
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started