Question
Budget Performance Reports for Cost Centers Partially completed budget performance reports for Delmar Company, a manufacturer of light duty motors, follow: Plant Actual Budget Over
Budget Performance Reports for Cost Centers
Partially completed budget performance reports for Delmar Company, a manufacturer of light duty motors, follow:
Plant | Actual | Budget | Over Budget | (Under) Budget | |
---|---|---|---|---|---|
Eastern Region | $411,500 | $411,500 | $0 | ||
Central Region | 293,300 | 296,300 | (3,000) | ||
Western Region | (g) | (h) | (i) | ||
$(j) | $(k) | $(l) | $(3,000) |
Department | Actual | Budget | Over Budget | (Under) Budget |
---|---|---|---|---|
Chip Fabrication | $(a) | $(b) | $(c) | |
Electronic Assembly | 88,320 | 87,190 | 1,130 | |
Final Assembly | 138,380 | 139,500 | $(1,120) | |
$(d) | $(e) | $(f) | $(1,120) |
Cost | Actual | Budget | Over Budget | (Under) Budget |
---|---|---|---|---|
Factory wages | $32,820 | $30,670 | $2,150 | |
Materials | 67,890 | 68,370 | $(480) | |
Power and light | 3,740 | 3,140 | 600 | |
Maintenance | 8,690 | 7,940 | 750 | |
$113,140 | $110,120 | $3,500 | $(480) |
a. Complete the budget performance reports by determining the correct amounts for the lettered spaces (a-l) as marked above.
Amount | Amount |
---|---|
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 |
b. Complete the following memo to Randi Wilkes, vice president of production for Delmar Company, explaining the performance of the production division for June.
MEMO To: Randi Wilkes, Vice President of Production
The fill in the blank 1 of 4
Eastern RegionCentral RegionWestern Region
plant has experienced a budget overrun. Its budget reveals that the fill in the blank 2 of 4
Chip FabricationElectronic AssemblyFinal Assembly
Department caused the majority of the budget overrun. The supervisor of the fill in the blank 3 of 4
Chip FabricationElectronic AssemblyFinal Assembly
Department should investigate the reasons for the budget overruns in fill in the blank 4 of 4
factory wages, materials, and maintenancematerials, power and light, and maintenancefactory wages, power and light, and maintenance
.
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