Instruction The budget for Department 6 of Cardinal Company for the current month ending March 31 is as follows: Materials $200,000 265,000 67,800 Factory wages Supervisory salarion Depreciation of plant and equipment Power and light 35,000 22,500 15,500 Insurance and property taxes Maintenance 9.700 During Match, the costs incurred in Department of Cardinal Company were materiala, $204,000, tactory wapoo, $285,000; supervisory nalurius, 543,600: depreciation of plant and equipment. $35,000; power and light, $21,360; insurance and property taxes, $14,400; maintenanco, 88,466. Required: Prepare a budget performance report for the supervisor of Department 6 of Cardinal Company for the month of March. Enter all amounts as positive numbers Budget Performance Report Prepare a budget performance report for the supervisor of Department 6 of Cardinal Company for the month of March, Enter all amounts as positive numbers. BUDGET PERFORMANCE REPORT Supervisor, Department 6-Cardinal Company For Month Ended March 31 1 Over Budget Budget $208,000.00 Under Budget $4,000.00 2 Materials 265,000.00 20,000.00 67,800.00 Actual $204,000.00 285,000.00 63,300.00 35,000.00 21,360.00 14,400.00 3 Factory wages 4 Supervisory salaries 5 Depreciation of plant and equipment 6 Power and light 7 Insurance and property taxes 4.200.00 35,000.00 22,500.00 1,140.00 1.140.00 1,100.00 1,100.00 15,500.00 9,700.00 9,456.00 24400 & Maintenance 9 Total Are there any significant variances (5% or greater) of the budgeted amounts that should be examined by the supervisor? Yes Instruction The budget for Department 6 of Cardinal Company for the current month ending March 31 is as follows: Materials $200,000 265,000 67,800 Factory wages Supervisory salarion Depreciation of plant and equipment Power and light 35,000 22,500 15,500 Insurance and property taxes Maintenance 9.700 During Match, the costs incurred in Department of Cardinal Company were materiala, $204,000, tactory wapoo, $285,000; supervisory nalurius, 543,600: depreciation of plant and equipment. $35,000; power and light, $21,360; insurance and property taxes, $14,400; maintenanco, 88,466. Required: Prepare a budget performance report for the supervisor of Department 6 of Cardinal Company for the month of March. Enter all amounts as positive numbers Budget Performance Report Prepare a budget performance report for the supervisor of Department 6 of Cardinal Company for the month of March, Enter all amounts as positive numbers. BUDGET PERFORMANCE REPORT Supervisor, Department 6-Cardinal Company For Month Ended March 31 1 Over Budget Budget $208,000.00 Under Budget $4,000.00 2 Materials 265,000.00 20,000.00 67,800.00 Actual $204,000.00 285,000.00 63,300.00 35,000.00 21,360.00 14,400.00 3 Factory wages 4 Supervisory salaries 5 Depreciation of plant and equipment 6 Power and light 7 Insurance and property taxes 4.200.00 35,000.00 22,500.00 1,140.00 1.140.00 1,100.00 1,100.00 15,500.00 9,700.00 9,456.00 24400 & Maintenance 9 Total Are there any significant variances (5% or greater) of the budgeted amounts that should be examined by the supervisor? Yes
