Budget Performance Reports for Cost CentersPartially completed budget performance reports for Delmar Company, a manufacturer of light duty motors, follow:Delmar CompanyPlantEastern RegionCentral RegionWestern RegionDepartmentCostChip FabricationElectronic AssemblyFinal Assemblyb. $Budget Performance Report-Vice President, ProductionFor the Month Ended June 30Factory wagesMaterialsPower and lightMaintenanceC. $d. $e. $f.Actual$482,700344,000The(9)$(j)ActualActual$(a)64,920102,350$(d)Delmar CompanyBudget Performance Report-Manager, Western Region PlantFor the Month Ended June 30Budget$482,700347,500Budget1.9.h. $i. $j. $k. $(h)$(k)BudgetDelmar CompanyBudget Performance Report-Supervisor, Chip FabricationFor the Month Ended June 30$31,04071,1003,8307,560MEMOTo: Randi Wilkes, Vice President of Production$113,530OverBudget$(b)64,090103,180$(e)(i)$(1)OverBudget$2,170$33,21070,6004,5608,280$116,650$3,620$(500)a. Complete the budget performance reports by determining the correct amounts for the lettered spaces (a-l) as marked above.a. $OverBudget$(c)830730720$(f)(Under)Budget$(3,500)(Under)Budget$0(3,500)$(500)(Under)Budget$(830)$(830)b. Complete the following memo to Randi Wilkes, vice president of production for Delmar Company, explaining the performance of the production division for June.plant has experienced a budget overrun. Its budget reveals that theDepartment should investigate the reasons for the budget overruns inDepartment caused the majority of the budget overrun. The supervisor of the

calculations for each of the variables:$a (Chip Fabrication - Actual):This represents the actual…

a. Complete the budget performance reports by determining the correct amounts for the lettered spaces (a-l) as marked above. a. $ 9. $ b. $ h. $ C. S i. $ d. s J. S e. $ k. S f. s 1. $ b. Complete the following memo to Randi Wilkes, vice president of production for Delmar Company, explaining the performance of the production division for June. MEMO To: Randi Wilkes, Vice President of Production The plant has experienced a budget overrun. Its budget reveals that the Department should investigate the reasons for the budget overruns in Department caused the majority of the budget overrun. The supervisor of the

a. Complete the budget performance reports by determining the correct amounts for the lettered spaces (a-l) as marked above. a. $ 9. $ b. $ h. $ C. S i. $ d. s J. S e. $ k. S f. s 1. $ b. Complete the following memo to Randi Wilkes, vice president of production for Delmar Company, explaining the performance of the production division for June. MEMO To: Randi Wilkes, Vice President of Production The plant has experienced a budget overrun. Its budget reveals that the Department should investigate the reasons for the budget overruns in Department caused the majority of the budget overrun. The supervisor of the

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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