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Several years ago, Westmont Corporation developed a comprehensive budgeting system for planning and control purposes. While departmental supervisors have been happy with the system, the factory manager has expressed considerable dissatisfaction with th information being generated by the system. A report for the company's Assembly Department for the month of March follows: Assembly Department Cost Report For the Month Ended March 31 Machine-hours Variable costs: Supplies Scrap Indirect materials Fixed costs: Wages and salaries Equipment depreciation Actual Planning Results 15,000 Budget 20,000 Variances 11,400 42,000 119,000 $ 12,000 45,000 142,500 $ 600 F 3,000 F 23,500 F 85,900 110,000 $368,300 80,000 110,000 $389,500 $21,200 F 5,900 U 0 Total cost After receiving a copy of this cost report, the supervisor of the Assembly Department stated. "These reports are super. It makes me feel really good to see how well things are going in my department. I can't understand why those people upstairs complain so much about the reports." For the last several years, the company's marketing department has chronically failed to meet the sales goals expressed in the company's monthly budgets I Show Transcribed Text ก ง с Westmont Corporation Assembly Department Flexible Budget Performance Report Actual Results Machine-hours (q) 15,000 Supplies $ 11,400 Scrap 42,000 Indirect materials 119,000 Wages and salaries 85,900 Equipment depreciation 110,000 Total $ 368,300 For the Month Ended March 31 Flexible Budget Planning Budget 20,000 $ 12,000 45,000 142,500 80,000 110,000 $ 389,500,

Several years ago, Westmont Corporation developed a comprehensive budgeting system for planning and control purposes. While departmental supervisors have been happy with the system, the factory manager has expressed considerable dissatisfaction with th information being generated by the system. A report for the company's Assembly Department for the month of March follows: Assembly Department Cost Report For the Month Ended March 31 Machine-hours Variable costs: Supplies Scrap Indirect materials Fixed costs: Wages and salaries Equipment depreciation Actual Planning Results 15,000 Budget 20,000 Variances 11,400 42,000 119,000 $ 12,000 45,000 142,500 $ 600 F 3,000 F 23,500 F 85,900 110,000 $368,300 80,000 110,000 $389,500 $21,200 F 5,900 U 0 Total cost After receiving a copy of this cost report, the supervisor of the Assembly Department stated. "These reports are super. It makes me feel really good to see how well things are going in my department. I can't understand why those people upstairs complain so much about the reports." For the last several years, the company's marketing department has chronically failed to meet the sales goals expressed in the company's monthly budgets I Show Transcribed Text ก ง с Westmont Corporation Assembly Department Flexible Budget Performance Report Actual Results Machine-hours (q) 15,000 Supplies $ 11,400 Scrap 42,000 Indirect materials 119,000 Wages and salaries 85,900 Equipment depreciation 110,000 Total $ 368,300 For the Month Ended March 31 Flexible Budget Planning Budget 20,000 $ 12,000 45,000 142,500 80,000 110,000 $ 389,500,

Cornerstones of Cost Management (Cornerstones Series)
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter8: Budgeting For Planning And Control
Section: Chapter Questions
Problem 38P: Greiner Company makes and sells high-quality glare filters for microcomputer monitors. John Craven,...
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Several years ago, Westmont Corporation developed a comprehensive budgeting system for planning and control purposes. While departmental supervisors have been happy with the system, the factory manager has expressed considerable dissatisfaction with th information being generated by the system. A report for the company's Assembly Department for the month of March follows: Assembly Department Cost Report For the Month Ended March 31 Machine-hours Variable costs: Supplies Scrap Indirect materials Fixed costs: Wages and salaries Equipment depreciation Actual Planning Results 15,000 Budget 20,000 Variances 11,400 42,000 119,000 $ 12,000 45,000 142,500 $ 600 F 3,000 F 23,500 F 85,900 110,000 $368,300 80,000 110,000 $389,500 $21,200 F 5,900 U 0 Total cost After receiving a copy of this cost report, the supervisor of the Assembly Department stated. "These reports are super. It makes me feel really good to see how well things are going in my department. I can't understand why those people upstairs complain so much about the reports." For the last several years, the company's marketing department has chronically failed to meet the sales goals expressed in the company's monthly budgets I Show Transcribed Text ก ง с Westmont Corporation Assembly Department Flexible Budget Performance Report Actual Results Machine-hours (q) 15,000 Supplies $ 11,400 Scrap 42,000 Indirect materials 119,000 Wages and salaries 85,900 Equipment depreciation 110,000 Total $ 368,300 For the Month Ended March 31 Flexible Budget Planning Budget 20,000 $ 12,000 45,000 142,500 80,000 110,000 $ 389,500,
Transcribed Image Text:Several years ago, Westmont Corporation developed a comprehensive budgeting system for planning and control purposes. While departmental supervisors have been happy with the system, the factory manager has expressed considerable dissatisfaction with th information being generated by the system. A report for the company's Assembly Department for the month of March follows: Assembly Department Cost Report For the Month Ended March 31 Machine-hours Variable costs: Supplies Scrap Indirect materials Fixed costs: Wages and salaries Equipment depreciation Actual Planning Results 15,000 Budget 20,000 Variances 11,400 42,000 119,000 $ 12,000 45,000 142,500 $ 600 F 3,000 F 23,500 F 85,900 110,000 $368,300 80,000 110,000 $389,500 $21,200 F 5,900 U 0 Total cost After receiving a copy of this cost report, the supervisor of the Assembly Department stated. "These reports are super. It makes me feel really good to see how well things are going in my department. I can't understand why those people upstairs complain so much about the reports." For the last several years, the company's marketing department has chronically failed to meet the sales goals expressed in the company's monthly budgets I Show Transcribed Text ก ง с Westmont Corporation Assembly Department Flexible Budget Performance Report Actual Results Machine-hours (q) 15,000 Supplies $ 11,400 Scrap 42,000 Indirect materials 119,000 Wages and salaries 85,900 Equipment depreciation 110,000 Total $ 368,300 For the Month Ended March 31 Flexible Budget Planning Budget 20,000 $ 12,000 45,000 142,500 80,000 110,000 $ 389,500,
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