Budget Performance Reports for Cost Centers Partially completed budget performan
ID: 2441192 • Letter: B
Question
Budget Performance Reports for Cost Centers
Partially completed budget performance reports for Garland Company, a manufacturer of light duty motors, follow:
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.
Garland CompanyBudget Performance Report—Vice President, Production
For the Month Ended November 30 Plant Actual Budget Over Budget Under Budget Eastern Region $549,800 $549,800 $0 Central Region 395,900 391,900 4,000 Western Region (g) (h) (i) $(j) $(k) $(l) $3,170
Explanation / Answer
Answers
Garland Company
Budget Performance Report—Manager, Western Region Plant
For the Month Ended November 30
Department
Actual
Budget
Over Budget
Under Budget
[A]
[B]
[A – B]
[B – A]
Chip Fabrication
$ 105,330.00
$ 108,490.00
$ 3,160.00
Electronic Assembly
$ 83,630.00
$ 84,720.00
$ 1,090.00
Final Assembly
$ 134,640.00
$ 133,560.00
$ 1,080.00
TOTAL
$ 323,600.00
$ 326,770.00
$ 1,080.00
$ 4,250.00
Garland Company
Budget Performance Report—Vice President, Production
For the Month Ended November 30
Plant
Actual
Budget
Over Budget
Under Budget
[A]
[B]
[A – B]
[B – A]
Eastern Region
$ 549,800.00
$ 549,800.00
$ -
$ -
Central Region
$ 395,900.00
$ 391,900.00
$ 4,000.00
Western Region
$ 323,600.00
$ 326,770.00
$ 3,170.00
TOTAL
$ 1,269,300.00
$ 1,268,470.00
$ 4,000.00
$ 3,170.00
Questions
Answer figure
a.
$ 105,330.00
b.
$ 108,490.00
c.
$ 3,160.00
d.
$ 323,600.00
e.
$ 326,770.00
f.
$ 1,080.00
g.
$ 323,600.00
h.
$ 326,770.00
i.
$ 3,170.00
j.
$ 1,269,300.00
k.
$ 1,268,470.00
l.
$ 4,000.00
Garland Company
Budget Performance Report—Manager, Western Region Plant
For the Month Ended November 30
Department
Actual
Budget
Over Budget
Under Budget
[A]
[B]
[A – B]
[B – A]
Chip Fabrication
$ 105,330.00
$ 108,490.00
$ 3,160.00
Electronic Assembly
$ 83,630.00
$ 84,720.00
$ 1,090.00
Final Assembly
$ 134,640.00
$ 133,560.00
$ 1,080.00
TOTAL
$ 323,600.00
$ 326,770.00
$ 1,080.00
$ 4,250.00
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