Valotic Tech Inc. sells electronics over the Internet. The Consumer Products Div
ID: 2466630 • Letter: V
Question
Valotic Tech Inc. sells electronics over the Internet. The Consumer Products Division is organized as a cost center. The budget for the Consumer Products Division for the month ended January 31, 2016, is as follows:
1
Customer service salaries
$546,840.00
2
Insurance and property taxes
114,660.00
3
Distribution salaries
872,340.00
4
Marketing salaries
1,028,370.00
5
Engineer salaries
836,850.00
6
Warehouse wages
586,110.00
7
Equipment depreciation
183,792.00
8
Total
$4,168,962.00
During January, the costs incurred in the Consumer Products Division were as follows:
1
Customer service salaries
$602,350.00
2
Insurance and property taxes
110,240.00
3
Distribution salaries
861,200.00
4
Marketing salaries
1,085,230.00
5
Engineer salaries
820,008.00
6
Warehouse wages
562,632.00
7
Equipment depreciation
183,610.00
8
Total
$4,225,270.00
1. Prepare a budget performance report for the director of the Consumer Products Division for the month of January. Enter all amounts as positive numbers.
Score: 7/107
VALOTIC TECH INC.
Budget Performance Report—Director, Consumer Products Division
For the Month Ended January 31, 2016
1
Budget
Actual
Over Budget
Under Budget
2
Customer service salaries
3
Insurance and property taxes
4
Distribution salaries
5
Marketing salaries
6
Engineer salaries
7
Warehouse wages
8
Equipment depreciation
9
Total
1
Customer service salaries
$546,840.00
2
Insurance and property taxes
114,660.00
3
Distribution salaries
872,340.00
4
Marketing salaries
1,028,370.00
5
Engineer salaries
836,850.00
6
Warehouse wages
586,110.00
7
Equipment depreciation
183,792.00
8
Total
$4,168,962.00
Explanation / Answer
Ans-
Director msu t want to see customer service salaries and marketing salaries
Budget performance report S.NO. Details Budget Actual Over budget Under budget 1 Customer service salaries 546,840.00 602,350.00 55,510.00 2 Insurance and property taxes 114,660.00 110,240.00 4,420.00 3 Distribution salaries 872,340.00 861,200.00 11,140.00 4 Marketing salaries 1,028,370.00 1,085,230.00 56,860.00 5 Engineer salaries 836,850.00 820,008.00 16,842.00 6 Warehouse wages 586,110.00 562,632.00 23,478.00 7 Equipment depreciation 183,792.00 183,610.00 182.00 8 Total 4,168,962.00 4,225,270.00 112,370.00 56,062.00Related Questions
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