Budget Performance Reports for Cost Centers Partially completed budget performan
ID: 2426302 • Letter: B
Question
Budget Performance Reports for Cost Centers
Partially completed budget performance reports for Iliad Company, a manufacturer of air conditioners, are provided below.
a. Complete the budget performance reports by determining the correct amounts for the lettered spaces (a-l) as marked above.
b. The budget for the Chip Fabrication Department indicates that the budget overrun was caused by a combination of budget
in wages, power and light, and maintenance that exceeded a budget
in materials.
Iliad CompanyBudget Performance Report—Vice President, Production
For the Month Ended April 30, 2014 Plant Budget Actual Over Budget Under Budget Mid-Atlantic Region $526,200 $526,200 $0 West Region 378,900 375,100 3,800 South Region (g) (h) (i) $(j) $(k) $(l) $3,800
Explanation / Answer
Partially completed budget performance reports for Iliad Company, a manufacturer of air conditioners, are provided below.
a. Complete the budget performance reports by determining the correct amounts for the lettered spaces (a-l) as marked above.
b. The budget for the Chip Fabrication Department indicates that the budget overrun was caused by a combination of budget in wages, power and light, and maintenance that exceeded a budget in materials.
a. Complete the budget performance reports by determining the correct amounts for the lettered spaces (a-l) as marked above.
Budget Performance Reports for Cost CentersPartially completed budget performance reports for Iliad Company, a manufacturer of air conditioners, are provided below.
Iliad Company Budget Performance Report—Vice President, Production For the Month Ended April 30, 2014 Plant Budget Actual Over Budget Under Budget Mid-Atlantic Region $526,200 $526,200 $0 West Region 378,900 375,100 3,800 South Region (g) (h) (i) $(j) $(k) $(l) $3,800 Iliad Company Budget Performance Report—Manager, South Region Plant For the Month Ended April 30, 2014 Department Budget Actual Over Budget Under Budget Chip Fabrication $(a) $(b) $(c) Electronic Assembly 83,890 84,980 1,090 Final Assembly 135,900 134,810 $1,090 $(d) $(e) $(f) $1,090 Iliad Company Budget Performance Report—Supervisor, Chip Fabrication For the Month Ended April 30, 2014 Cost Budget Actual Over Budget Under Budget Factory wages $21,760 $23,280 $1,520 Materials 65,000 64,550 $450 Power and light 4,220 5,020 800 Maintenance 7,070 7,740 670 $98,050 $100,590 $2,990 $450a. Complete the budget performance reports by determining the correct amounts for the lettered spaces (a-l) as marked above.
a. $ g. $ b. $ h. $ c. $ i. $ d. $ j. $ e. $ k. $ f. $ l. $b. The budget for the Chip Fabrication Department indicates that the budget overrun was caused by a combination of budget in wages, power and light, and maintenance that exceeded a budget in materials.
Iliad Company Budget Performance Report—Vice President, Production For the Month Ended April 30, 2014 Plant Budget Actual Over Budget Under Budget Mid-Atlantic Region $526,200 $526,200 $0 West Region 378,900 375,100 3,800 South Region $317,840 $320,380 $3,630 Total $1,222,940 $1,221,680 $3,630 $3,800 Iliad Company Budget Performance Report—Manager, South Region Plant For the Month Ended April 30, 2014 Department Budget Actual Over Budget Under Budget Chip Fabrication $98,050 $100,590 $2,540 Electronic Assembly 83,890 84,980 1,090 Final Assembly 135,900 134,810 $1,090 Total $317,840 $320,380 $3,630 $1,090 Iliad Company Budget Performance Report—Supervisor, Chip Fabrication For the Month Ended April 30, 2014 Cost Budget Actual Over Budget Under Budget Factory wages $21,760 $23,280 $1,520 Materials 65,000 64,550 $450 Power and light 4,220 5,020 800 Maintenance 7,070 7,740 670 $98,050 $100,590a. Complete the budget performance reports by determining the correct amounts for the lettered spaces (a-l) as marked above.
a. $98050 g. $317,840 b.$100590 h. $320,380 c. $2540 i. $3630 d. $317,840 j. $1,222,940 e. $320,380 k. $1,221,680 f. $3630 l. $ 3630Related Questions
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