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18,100 V 14,910 V

18,100 V 14,910 V

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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a. Complete the budget performance reports by determining the correct amounts for the lettered spaces (a-l) as marked above. а. $ 118,100 g. $ b. $ 114,910 h. $ С. $ 3,190 i. $ d. $ j. $ е. $ k. $ f. $ I. $
Transcribed Image Text:a. Complete the budget performance reports by determining the correct amounts for the lettered spaces (a-l) as marked above. а. $ 118,100 g. $ b. $ 114,910 h. $ С. $ 3,190 i. $ d. $ j. $ е. $ k. $ f. $ I. $
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 $527,800 $527,800 $0 Central Region 376,200 380,000 (3,800) Western Region (g) (h) (i) $(j) $(k) $(1) $(3,800) 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 65,620 64,780 840 Final Assembly 103,470 104,300 $(830) $(d) $(e) $(f) $(830) Delmar Company Budget Performance Report-Supervisor, Chip Fabrication For the Month Ended June 30 Cost Actual Budget Over Budget (Under) Budget Factory wages $34,330 $32,080 $2,250 Materials 71,070 71,570 $(500) Power and light 4,720 3,970 750 Maintenance 7,980 7,290 690 $118,100 $114,910 $3,690 $(500) a. Complete the budget performance reports by determining the correct amounts for the lettered spaces (a-l) as marked above.
Transcribed Image Text: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 $527,800 $527,800 $0 Central Region 376,200 380,000 (3,800) Western Region (g) (h) (i) $(j) $(k) $(1) $(3,800) 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 65,620 64,780 840 Final Assembly 103,470 104,300 $(830) $(d) $(e) $(f) $(830) Delmar Company Budget Performance Report-Supervisor, Chip Fabrication For the Month Ended June 30 Cost Actual Budget Over Budget (Under) Budget Factory wages $34,330 $32,080 $2,250 Materials 71,070 71,570 $(500) Power and light 4,720 3,970 750 Maintenance 7,980 7,290 690 $118,100 $114,910 $3,690 $(500) a. Complete the budget performance reports by determining the correct amounts for the lettered spaces (a-l) as marked above.
Expert Solution
Step 1

If actual cost is more than budgeted than it is under budget and if actual cost is less than budgeted than it is over budget.

S.No Answer Calculation
a 118100  
b 104910  
c 3190  
d 287190 118100+65620+103470
e 273990 104910+64780+104300
f 4030 3190+840
g 287190 Equal to d
h 273990 Equal to e
i 13200 287190-273990
j 1191190 527800+376200+287190
k 1181790 527800+380000+273990
l 13200 Equal to i
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