Partially completed budget performance reports for Delmar Company, a manufacturer of light duty motors, follow: Delmar Company Plant Eastern Region Central Region Western Region Budget Performance Report-Vice President, Production For the Month Ended June 30 Department Chip Fabrication Electronic Assembly Final Assembly b. s Cost Factory wages Materials Power and light Maintenance d. $ Actual $390,100 278,100 (9) $(1) Budget $390,100 280,900 (h) $(k) Actual $(a) 87,290 137,620 138,730 $(d) Delmar Company Budget Performance Report-Manager, Western Region Plant For the Month Ended June 30 Over Budget Budget $(c) $(b) 86,170 1,120 Over Budget (10) $(1) 9.1 h. S L.S J. $ k. 1. S $(e) $(f) (Under) Budget $0 (2,800) Delmar Company Budget Performance Report-Supervisor, Chip Fabrication For the Month Ended June 30 Actual $29,190 73,790 5,320 4,470 850 6,920 6,320 600 $115,220 $112,380 $3,360 $(520) a. Complete the budget performance reports by determining the correct amounts for the lettered spaces (a-1) as marked above. 115,220 112,380 2,840 340,130 337,280 3,960 $27,280 $1,910 74,310 $(2,800) Over (Under) Budget Budget Budget (Under) Budget $(1,110) $(1,110) $(520)
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.
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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
Cost
Chip Fabrication
Electronic Assembly
Final Assembly
Budget Performance Report-Vice President, Production
For the Month Ended June 30
a. $
Factory wages
Materials
Power and light
Maintenance
b. $
c. $
d. $
e. $
f. $
Actual
$390,100
278,100
(g)
$(j)
Delmar Company
Actual
$(a)
87,290
137,620
$(d)
Budget
$390,100
280,900
Actual
Budget Performance Report-Manager, Western Region Plant
For the Month Ended June 30
$29,190
73,790
5,320
6,920
(h)
$(k)
$115,220
$ (b)
86,170
138,730
$(e)
Over
Budget Budget
$(c)
1,120
Over
Budget
Budget
(1)
$(1)
g. $
h. $
j. $
k. $
1. $
Delmar Company
Budget Performance Report-Supervisor, Chip Fabrication
For the Month Ended June 30
(Under)
Budget
$(f)
$0
(2,800)
$27,280
74,310
4,470
850
6,320
600
$112,380
$3,360
$(520)
a. Complete the budget performance reports by determining the correct amounts for the lettered spaces (a-l) as marked above.
115,220
112,380
2,840
340,130
337,280
3,960
$(2,800)
(Under)
Budget
$(1,110)
$(1,110)
Over (Under)
Budget Budget
$1,910
$(520)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F89375385-6390-4d15-b7e6-62a445801c0b%2Ff72541ef-2633-4588-bf0c-7bcaf3bdea2e%2F06kh1zn_processed.png&w=3840&q=75)
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