Question

Budget Performance Reports for Cost Centers

Partially completed budget performance reports for Delmar Company, a manufacturer of light duty motors, follow:

Delmar Company Budget Performance Report—Vice President, Production For the Month Ended June 30
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)

Delmar Company Budget Performance Report—Manager, Western Region Plant For the Month Ended June 30
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 Report—Supervisor, 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.

a. $	g. $
b. $	h. $
c. $	i. $
d. $	j. $
e. $	k. $
f. $	l. $

b. Complete the following memo to Randi Wilkes, vice president of production for Delmar Company, explaining the performance of the production division for June.

Answer 1

ANSWER

a)

S.No.	Answer	Calculation
a	4,300,000
b	4,000,000
c	300,000	325,000-25,000
d	8,515,000	4,300,000+2,575,000+1,640,000
e	8,200,000	4,000,000+2,500,000+1,700,000
f	375,000	300,000+75,000
g	8,515,000	Equal to d
h	8,200,000	Equal to e
i	315,000	375,000-60,000
j	18,890,000	4,200,000+6,175,000+8,515,000
k	18,650,000	4,250,000+6,200,000+8,200,000
l	315,000	Equal to i

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