60.1K
Verified Solution
Link Copied!
Budget performance reports for cost centers
Partially completed budget performance reports for Delmar Company, a manufacturer of light duty motors, follow:
| Plant | Actual | Budget | Over Budget | (Under) Budget |
| Eastern Region | $4,200,000 | $4,250,000 | | $(50,000) |
| Central Region | 6,175,000 | 6,200,000 | | (25,000) |
| Western Region | (g) | (h) | $(i) | |
| | $(j) | $(k) | $(l) | $(75,000) |
| Department | Actual | Budget | Over Budget | (Under) Budget |
| Chip Fabrication | $(a) | $(b) | $(c) | |
| Electronic Assembly | 2,575,000 | 2,500,000 | 75,000 | |
| Final Assembly | 1,640,000 | 1,700,000 | | $(60,000) |
| | $(d) | $(e) | $(f) | $(60,000) |
| Delmar Company Budget Performance ReportSupervisor, Chip Fabrication For the Month Ended June 30 |
| Cost | Actual | Budget | Over Budget | (Under) Budget |
| Factory wages | $1,450,000 | $1,200,000 | $250,000 | |
| Materials | 1,575,000 | 1,600,000 | | $(25,000) |
| Power and light | 945,000 | 900,000 | 45,000 | |
| Maintenance | 330,000 | 300,000 | 30,000 | |
| | $4,300,000 | $4,000,000 | $325,000 | $(25,000) |
a. Complete the budget performance reports by determining the correct amounts for the lettered spaces (a-l) as marked above.
| Amount | Amount |
| a. $fill in the blank 1 | g. $fill in the blank 2 |
| b. $fill in the blank 3 | h. $fill in the blank 4 |
| c. $fill in the blank 5 | i. $fill in the blank 6 |
| d. $fill in the blank 7 | j. $fill in the blank 8 |
| e. $fill in the blank 9 | k. $fill in the blank 10 |
| f. $fill in the blank 11 | l. $fill in the blank 12 |
Answer & Explanation
Solved by verified expert
