Budget Performance Reports for Cost Centers Partially completed budget performance reports for Runquist Company, a manufacturer of air conditioners, are provided below. RUNQUIST COMPANY Budget Performance ReportVice President, Production For the Month Ended April 30 Plant Budget Actual Over Budget (Under) Budget Daytona $454,300 $454,300 $0 Little Rock 327,100 323,800 (3,300) Oxford (g) (h) (i) $(j) $(k) $(l) $(3,300) RUNQUIST COMPANY Budget Performance ReportPlant Manager, Oxford Plant For the Month Ended April 30 Department Budget Actual Over Budget (Under) Budget Condenser Assembly $(a) $(b) $(c) Electronic Assembly 87,050 88,180 1,130 Final Assembly 139,280 138,170 $(1,110) $(d) $(e) $(f) $(1,110) RUNQUIST COMPANY Budget Performance ReportSupervisor, Condenser Assembly For the Month Ended April 30 Department Budget Actual Over Budget (Under) Budget Factory wages $24,920 $26,660 $1,740 Materials 58,270 57,860 $(410) Power and light 3,740 4,450 710 Maintenance 7,320 8,020 700 $94,250 $96,990 $3,150 $(410) a. Complete the budget performance reports by determining the correct amounts for the lettered spaces (a. - l.) found above. a. $ g. $ b. $ h. $ c. $ i. $ d. $ j. $ e. $ k. $ f. $ l. $ b. If you were composing a memo to Jeff Kitchens, Vice President of Production, explaining the performance of the Production Division for April, you might include the following: The Oxford plant has experienced a budget , while the Little Rock plant has experienced a budget . The budget of the Oxford plant reveals that the Condenser Assembly Department caused the majority of the budget . The budget for the Condenser Assembly Department indicates that the budget was caused by a combination of budget overruns in that exceeded a budget surplus in materials.