organized as a cost center. The budget for the Bulldozer Division for the month Raptor Company sells vehicle parts to manufacturers of heavy construction equipment. The Bulldozer Division ended August 31, 2016, is as follows (in thousands): Customer service salaries $ 375,000 Insurance and property taxes 75,000 Distribution salaries 712,500 Marketing salaries 450,000 Engineer salaries 1,110,000 Warehouse wages 420,000 Equipment depreciation 232,500 Total $ 3,375,000 During August, the costs incurred in the Bulldozer Division were as follows: Customer service salaries $ 533,600 Insurance and property taxes 71,195 Distribution salaries 680,775 Marketing salaries 537,950 Engineer salaries 1,070,463 Warehouse wages 398,605 Equipment depreciation 224,750 Total $ 3,517,338 Required: 1. Prepare a budget performance report for the director of the Bulldozer Division for the month of August. Enter amounts in thousands (same format as the data above). If an amount box does not require an entry, leave it blank. Raptor Company Budget Performance Report-Director, Bulldozer Division For the Month Ended August 31, 2046 Budget Actual Over Budget (Under) Budget Customer service salaries $ Insurance and property taxes Distribution salaries Marketing salaries Engineer salaries Warehouse wages Equipment depreciation Total