Budget Performance Reports for Cost Centers Partially completed budget performan

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.

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 $519,600 $519,600 $0 West Region 374,100 370,400 3,700 South Region (g) (h) (i) $(j) $(k) $(l) $3,700

Explanation / Answer

Chip Fabrication performance Report is provided in the last table

a ) budget $116,140

b) Actual $119,150

c) Difference of budget and actual - Over budget of $3,010

d, e and f working are provided below

g, h and i are same as d, e and f shown above

Here is the calculation of the total production numbers

Budget Actual Over budget Under budget Chip Fabrication $1,16,140 $1,19,150 $3,010 Electronic Assembly $94,860 $96,090 $1,230 Final Assembly $1,53,670 $1,52,440 $1,230 South Region Plant $3,64,670 $3,67,680 $4,240 $1,230 (d) (e) (f)

Related Questions

Navigate

• Browse (All)
• Browse B
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.