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 S(10,600) Central Region 2,998,400 3,000,000 (1,600) Western Region (g) (h) (i) (k) $(1) S(12,200) Garland Company Budget Performance Report-Manager. Western Region Plant For the Month Ended November 30 Over Under Department Actual Budget Budget Budget Chip Fabrication (a) (b) (c) Electronic $703,200 $700,000 $ 3,200 Assembly Final Assembly 516,600 525,000 S(3,400) (d) (e) $ (f) $(8,400) Garland Company Budget Performance Report-Supervisor, Chip Fabrication For the Month Ended November 30 Actual Budget Over Budget Under Budget Cost Factory wages $ 95,500 S 82,000 s13,500 Materials 115,300 120,000 S(4,700) Power and light| 49,950 45,000 4,950 Maintenance 37,200 28,000 9,200 $297,950 S275,000 S27,650 S(4,700)
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
Budget performance reports for cost centers
Partially completed budget performance reports for Garland Company, a manufacturer of light duty motors, follo
a. Complete the budget performance reports by determining the
correct amounts for the lettered spaces.
b. Compose a memo to Cassandra Reid, vice president of production
for Garland Company, explaining the performance of the production
division for November.
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 3 images
