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 Actual Plant Eastern Region Central Region Over Budget (Under) Budget $(50,000) Budget $4,200,000 $4,250,000 6,200,000 6,175,000 (25,000) Western Region (h) (6) $75,000) (k) Delmar Company Budget Performance Report-Manager, Western Region Plant For the Month Ended June 30 Over Budget (Under) Budget Department Chip Fabrication Electronic Assembly Final Assembly Actual Budget $ (a) (b) $ (c) 2,575,000 2,500,000 75,000 1,640,000 1,700,000 $(60,000) (d) (e) (f) $(60,000) Delmar Company Budget Performance Report-Supervisor, Chip Fabrication For the Month Ended June 30 Budget 200,000וS Over Budget $250,000 (Under) Budget Cost Actual $1,450,000 Factory wages Materials 1,575,000 1,600,000 $(25,000) Power and light 945,000 900,000 45,000 30,000 $325,000 Maintenance 330,000 300,000 $4,300,000 $4,000,000 $(25,000) a. Complete the budget performance reports by determining the correct amounts for the lettered spaces. b. Compose a memo to Randi Wilkes, vice president of production for Delmar Company, explaining the performance of the production division for June.
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 Actual Plant Eastern Region Central Region Over Budget (Under) Budget $(50,000) Budget $4,200,000 $4,250,000 6,200,000 6,175,000 (25,000) Western Region (h) (6) $75,000) (k) Delmar Company Budget Performance Report-Manager, Western Region Plant For the Month Ended June 30 Over Budget (Under) Budget Department Chip Fabrication Electronic Assembly Final Assembly Actual Budget $ (a) (b) $ (c) 2,575,000 2,500,000 75,000 1,640,000 1,700,000 $(60,000) (d) (e) (f) $(60,000) Delmar Company Budget Performance Report-Supervisor, Chip Fabrication For the Month Ended June 30 Budget 200,000וS Over Budget $250,000 (Under) Budget Cost Actual $1,450,000 Factory wages Materials 1,575,000 1,600,000 $(25,000) Power and light 945,000 900,000 45,000 30,000 $325,000 Maintenance 330,000 300,000 $4,300,000 $4,000,000 $(25,000) a. Complete the budget performance reports by determining the correct amounts for the lettered spaces. b. Compose a memo to Randi Wilkes, vice president of production for Delmar Company, explaining the performance of the production division for June.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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
Actual
Plant
Eastern Region
Central Region
Over Budget (Under) Budget
$(50,000)
Budget
$4,200,000
$4,250,000
6,200,000
6,175,000
(25,000)
Western Region
(h)
(6)
$75,000)
(k)
Delmar Company
Budget Performance Report-Manager, Western Region Plant
For the Month Ended June 30
Over Budget
(Under) Budget
Department
Chip Fabrication
Electronic Assembly
Final Assembly
Actual
Budget
$
(a)
(b)
$ (c)
2,575,000
2,500,000
75,000
1,640,000
1,700,000
$(60,000)
(d)
(e)
(f)
$(60,000)
Delmar Company
Budget Performance Report-Supervisor, Chip Fabrication
For the Month Ended June 30
Budget
200,000וS
Over Budget
$250,000
(Under) Budget
Cost
Actual
$1,450,000
Factory wages
Materials
1,575,000
1,600,000
$(25,000)
Power and light
945,000
900,000
45,000
30,000
$325,000
Maintenance
330,000
300,000
$4,300,000
$4,000,000
$(25,000)
a. Complete the budget performance reports by determining the correct amounts for the lettered
spaces.
b.
Compose a memo to Randi Wilkes, vice president of production for Delmar Company,
explaining the performance of the production division for June.
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