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

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 $926,750 $929,000   $(2,250)
Central Region 664,400 668,000   (3,600)
Western Region (G) (H) $(I)  
  $(J) $(K) $(L) $(5,850)
 
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 $193,190 $190,500 $2,690  
Final Assembly 306,250 307,000   $(750)
  $(D) $(E) $(F) $(750)
 
Garland COMPANY
Budget Performance Report—Supervisor, Chip Fabrication
For the Month Ended November 30
Cost Actual Budget Over Budget Under Budget
Factory wages $60,220 $58,720 $1,500  
Materials 156,940 158,000   $(1,060)
Power and light 10,060 8,500 1,560  
Maintenance 16,610 15,110 1,500  
  $243,830 $240,330 $4,560 $(1,060)
 
  Required:
A. Complete the budget performance reports by determining the correct amounts for the lettered spaces. Enter all amounts as positive numbers. No decimal places are needed.
 

Sep 17 2020 Read more Less More

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