Budget Performance Reports for Cost CentersPartially completed budget performance reports for Delmar Company, a manufacturer of light duty motors, follow:Delmar CompanyBudget Performance Report-Vice President, ProductionFor the Month Ended June 30PlantActualBudgetOver Budget(Under) BudgetEastern Region$490,800$490,800$0Central Region349,900353,400(3,500)Western Region(g)(h)(i)$(j)$(k)$(I)$(3,500)Delmar CompanyBudget Performance Report–Manager, Western Region PlantFor the Month Ended June 30DepartmentActualBudgetOver Budget(Under) BudgetChip Fabrication$(a)$(b)$(c)Electronic Assembly69,24068,350890Final Assembly109,160110,040$(880)$(d)$(e)$(f)$(880)Delmar CompanyBudget Performance Report–Supervisor, Chip FabricationFor the Month Ended June 30CostActualBudgetOver Budget(Under) BudgetFactory wages$25,800$24,110$1,690 Delmar CompanyBudget Performance Report-Supervisor, Chip FabricationFor the Month Ended June 30CostActualBudgetOver Budget(Under) BudgetFactory wages$25,800$24,110$1,690Materials69,93070,420$(490)Power and light4,6503,910740Maintenance7,9607,270690$108,340$105,710$3,120$(490)a. Complete the budget performance reports by determining the correct amounts for the lettered spaces (a-l) as marked above.а. $g. $b. $h. $C. $i. $d. $j. $e. $k. $f. $1. $b. Complete the following memo to Randi Wilkes, vice president of production for Delmar Company, explaining the performance of the production divisicМЕМОTo: Randi WWilkes, Vice President of ProductionDepartment caused the majority ofTheplant has experienced a budget overrun. Its budget reveals that theoverrun. The supervisor of theDepartment should investigate the reasons for the budget overruns in

Name: Budget Performance Reports for Cost CentersPartially completed budget
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Description: Budget Performance Reports for Cost CentersPartially completed budget performance reports for Delmar Company, a manufacturer of light duty motors, follow:Delmar CompanyBudget Performance Report-Vice President, ProductionFor the Month Ended June 30Pl

If the Actual expenses are more than budgeted expense then it will be considered over budget. If the…

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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 $490,800 $490,800 $0 Central Region 349,900 353,400 (3,500) Western Region (g) (h) (1) $() $(k) $(1) $(3,500) 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 69,240 68,350 890 Final Assembly 109,160 110,040 $(880) $(d) $(e) $(f) $(880) Delmar Company Budget Performance Report–Supervisor, Chip Fabrication For the Month Ended June 30 Cost Actual Budget Over Budget (Under) Budget Factory wages $25,800 $24,110 $1.690

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 $490,800 $490,800 $0 Central Region 349,900 353,400 (3,500) Western Region (g) (h) (1) $() $(k) $(1) $(3,500) 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 69,240 68,350 890 Final Assembly 109,160 110,040 $(880) $(d) $(e) $(f) $(880) Delmar Company Budget Performance Report–Supervisor, Chip Fabrication For the Month Ended June 30 Cost Actual Budget Over Budget (Under) Budget Factory wages $25,800 $24,110 $1.690

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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Relevant data from the Poster Company’s operating budgets are: Quarter 1 Quarter 2 Sales $208,470 $211,539 Direct material purchases 115,290 120,832 Direct labor 75,205 73,299 Manufacturing overhead 25,400 25,400 Selling and administrative expenses 33,400 33,400 Depreciation included in selling and administrative 1,400 1,100 Collections from customers 215,391 240,154 Cash payments for purchases 114,300 119,253 Additional data:Capital assets were sold in January for $9,000 and $4,600 in May.Dividends of $4,400 were paid in February. The beginning cash balance was $60,359 and a required minimum cash balance is $58,000. Use this information to prepare a cash budget for the first two quarters of the year: If an amount box does not require an entry, leave it blank. The Poster Company Cash Budget For the First Two Quarters Quarter 1 Quarter 2 Beginning Cash Balance $fill in the blank 2 $fill in the blank 3 Add: Cash Receipts Collections from…
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…
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…
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Problem 13-57 (Algo) Sales Expense Budget (LO 13-4) SPU, Ltd., has just recelved its sales expense report for January, which follows. Item Amount Sales commissions $370, 500 9e,400 Sales staff salaries Telephone and mailing Building lease payment 51, 000 60,000 19,100 8e, 000 33,750 51,190 Utilities Packaging and delivery Depreciation Marketing consultants You have been asked to develop budgeted costs for the coming year. Because this month is typical, you decide to prepare an estimated budget for a typical month in the coming year and you uncover the following additional data: Sales volume is expected to Increase by 14 percent. Sales prices are expected to decrease by 10 percent. Commissions are based on a percentage of sales revenue. • Sales staff salarles will increase 4 percent next year regardless of sales volume. • Bullding rent is based on a five-year lease that expires in three years. • Telephone and malling expenses are scheduled to Increase by 6 percent even with no change In…
Partially completed budget performance reports for Delmar Company, a manufacturer of light duty motors, follow: Delmar Company Plant Eastern Region Central Region Western Region Department Chip Fabrication Electronic Assembly Final Assembly Budget Performance Report-Vice President, Production For the Month Ended June 30 Cost Factory wages Materials Power and light a. S b. Maintenance c. S d. s e. S f. S Actual $402,500 286,900 (g) $(1) Actual $(a) 86,710 135,860 $(d) Delmar Company Budget Performance Report-Manager, Western Region Plant For the Month Ended June 30 Over Budget Budget $402,500 289,800 Actual $25,680 73,390 4,460 8,050 (h) $(k) Budget $(b) 85,600 136,960 $(e) i. $ (1) $(1) 9. $ h. $ Over Budget s(c) 1,110 Delmar Company Budget Performance Report-Supervisor, Chip Fabrication For the Month Ended June 30 Over Budget Budget $24,000 $1,680 73,910 3,750 7,350 j. s k. $ 1. S $(f) (Under) Budget $0 (2,900) 710 700 $111,580 $109,010 $3,090 $(520) a. Complete the budget performance…
View Policies Current Attempt in Progress Avalon, Inc's static budget shows $40,500 budgeted for direct materials, $54,000 budgeted for direct labor, and $13,500 budgeted for overhead. Avalon's actual direct materials were $42,000, actual direct labor was $51,000, and actual overhead was $13,800. What is the total difference between the static budget and actual, and is the difference favorable or unfavorable? O $4,800, unfavorable O $1,200, favorable O $1,200, unfavorable O $4,800, favorable Save for Later Attempts: 0 of 1 used Submit Answer
Budgetary Performance for Cost Center Nuclear Company's costs were over budget by $53,200. The company is divided into Left and Right regions. The Left Region's costs were under budget by $4,800. Determine the amount that the Right Region's costs were over or under budget.$ over budget