Question

ses EX 24-1 Budget performance reports for cost centers OBJ. 2 Partially completed budget performance reports for Garland Company, a manufacturer of light duty motors, follow: Plant Eastern Region Central Region Western Region Garland Company Budget Performance Report-Vice President, Production For the Month Ended November 30 Actual Budget Over Budget $2,409,400 $2,420,000 2,998,400 3,000,000 (h) (k) Under Budget $(10,600) (1,600) $(12,200) Under Budget Garland Company Budget Performance Report-Manager, Western Region Plant For the Month Ended November 30 Department Actual Budget Over Budget Chip Fabrication Electronic Assembly $703,200 $700,000 $ 3,200 Final Assembly 516,600 525,000 $ (f) (b) $(8,400) $(8.400) le) Under Budget Cost Factory wages Materials Power and light Maintenance Garland Company Budget Performance Report-Supervisor, Chip Fabrication For the Month Ended November 30 Actual Budget Over Budget $ 95,500 $ 82,000 $13,500 115,300 120,000 49,950 45,000 4,950 37,200 28,000 9,200 $297,950 $275,000 $27,650 $(4,700) $(4,700) a. Complete the budget performance reports by determining the correct amounts for the lettered spaces. b. Compose a memo to Cassandra Reid, vice president of production for Garland Company, explaining the performance of the production division for November.

Answer 1

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Garland Company
Budget Performance Report—Vice President, Production
For the Month Ended Nove 30
Plant	Actual	Budget	Over Budget	(Under) Budget
Eastern Region	$   2,409,400	$   2,420,000		$                   (10,600)
Central Region	$   2,998,400	$   3,000,000		$                     (1,600)
Western Region (From western region plan)	$   1,517,750	$   1,500,000	$              17,750
Total	$   6,925,550	$   6,920,000	$              17,750	$                   (12,200)
Garland Company
Budget Performance Report—Manager, Western Region Plant
For the Month Ended Nove 30
Department	Actual	Budget	Over Budget	(Under) Budget
Chip Fabrication (From Chip Fabrication)	$       297,950	$       275,000	$              22,950
Electronic Assembly	$       703,200	$       700,000	$                 3,200
Final Assembly	$       516,600	$       525,000		$                     (8,400)
Total	$   1,517,750	$   1,500,000	$              26,150	$                     (8,400)
Garland Company
Budget Performance Report—Supervisor, Chip Fabrication
For the Month Ended Nove 30
Cost	Actual	Budget	Over Budget	(Under) Budget
Factory wages	$         95,500	$         82,000	$              13,500
Materials	$       115,300	$       120,000		$                     (4,700)
Power and light	$         49,950	$         45,000	$                 4,950
Maintenance	$         37,200	$         28,000	$                 9,200
	$       297,950	$       275,000	$              27,650	$                     (4,700)
Part 2
The western region plan has experience a budget over run, while eastern and central region plants have budget sruplus.
For western region, chip fabrication department has cuased moste of budget overrun.
Budget of Chip fabrication shows that this happened due to cost exceeding for Factory wages, power light and maintenance.
The supervisor of chip fabrication should have investigation into wages, power,light and maintenance to find causes