Cost Factory wages Materials Power and light Maintenance b. Delmar Company Budget Performance Report-Supervisor, Chip Fabrication For the Month Ended June 30 C d. Actual $26,260 $24,540 72,100 72,610 3,820 3,210 9,440 8,620 $111,620 $108,980 $3,150 $(510) a. Complete the budget performance reports by determining the correct amounts for the lettered spaces (a-1) as marked above. a. S Budget 9.5 h. S L.S 1. k. Over (Under) Budget Budget $1,720 L MEMO To: Randi Wilkes, Vice President of Production 610 820 e. S f b. Complete the following memo to Randi Wilkes, vice president of production for Delmar Company, explaining the performance of the production division for June $(510) The plant has experienced a budget overrun. Its budget reveals that the i overrun. The supervisor of the Department caused the majority of the budget Department should investigate the reasons for the budget overruns in t Next
Cost Factory wages Materials Power and light Maintenance b. Delmar Company Budget Performance Report-Supervisor, Chip Fabrication For the Month Ended June 30 C d. Actual $26,260 $24,540 72,100 72,610 3,820 3,210 9,440 8,620 $111,620 $108,980 $3,150 $(510) a. Complete the budget performance reports by determining the correct amounts for the lettered spaces (a-1) as marked above. a. S Budget 9.5 h. S L.S 1. k. Over (Under) Budget Budget $1,720 L MEMO To: Randi Wilkes, Vice President of Production 610 820 e. S f b. Complete the following memo to Randi Wilkes, vice president of production for Delmar Company, explaining the performance of the production division for June $(510) The plant has experienced a budget overrun. Its budget reveals that the i overrun. The supervisor of the Department caused the majority of the budget Department should investigate the reasons for the budget overruns in t Next
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.
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Transcribed Image Text:Cost
Factory wages
Materials
Power and light
Maintenance
b.
Delmar Company
Budget Performance Report-Supervisor, Chip Fabrication
For the Month Ended June 30
C
d.
Actual
$26,260
$24,540
72,100
72,610
3,820
3,210
610
9,440
8,620
820
$111,620
$108,960 $3,150
$(510)
a. Complete the budget performance reports by determining the correct amounts for the lettered spaces (a-1) as marked above.
a. S
Budget
9.5
h.
L
1.
k.
L
Over (Under)
Budget
Budget
$1,720
MEMO
To: Randi Wilkes, Vice President of Production
$(510)
e. S
f
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 the i
The
overrun. The supervisor of the
Department caused the majority of the budget
Department should investigate the reasons for the budget overruns in j
Next >
Transcribed Image Text:Budget Performance Reports for Cost Centers
Partially completed budget performance reports for Delmar Company, a manufacturer of light duty motors, follow:
Delmar Company
Plant
Budget Performance Report-Vice President, Production
For the Month Ended June 30
Eastern Region
Central Region
Western Region
Actual
$473,100
337,200
Department
Chip Fabrication
Electronic Assembly
Final Assembly
(9)
$(1)
Over
Budget Budget
Actual:
s(a)
82,620
128,640
$(d)
$473,100
340,600
(h)
$(k)
(0)
$(1)
Delmar Company
Budget Performance Report-Manager, Western Region Plant
For the Month Ended June 30
Over
Budget
Budget
$(6)
$(c)
81,560 1,060
129,680
$(e)
(Under)
Budget
$(f)
$0
(3,400)
$(3,400)
(Under)
Budget
$(1,040)
$(1,040)
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