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Partially completed budget performance reports for Garland Company, a manufacturer of light duty motors, follow: Garland Company Budget Performance Report—Vice President, Production For the Month Ended November 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 (g) (h) $(i) $(j) $(k) $(l) $(12,200) Garland Company Budget Performance Report—Manager, Western Region Plant For the Month Ended November 30 Department Actual Budget Over Budget Under Budget Chip Fabrication $(a) $(b) $(c) Electronic Assembly 703,200 700,000 3,200 Final Assembly 516,600 525,000 $(8,400) $(d) $(e) $(f) $(8,400) Garland Company Budget Performance Report—Supervisor, Chip Fabrication For the Month Ended November 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) 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. The budget for the Chip Fabrication Department indicates that the budget overrun was caused by a combination of budget in factory wages, power and light, and maintenance that exceeded a budget in materials.

User Vehomzzz
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1 Answer

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Answer:

A. $297,950

B. $275,000

C. $22,950

D. $1,517,750

E. $1,500,000

F.$26,150

G. $1,517,750

H. $1,500,000

I. $17,750

J. $6,925,550

K. $6,920,000

L. $17,750

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The completed budget of Garland has been well scripted and attached for your review.

Partially completed budget performance reports for Garland Company, a manufacturer-example-1
User EdG
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