The budget for Department 5 of Plant M for the current month ending March 31 is as follows: Materials $206,000 Factory wages 265,000 Supervisory salaries 67,800 Depreciation of plant and equipment 35,000 Power and light 22,500 Insurance and property taxes 15,500 Maintenance 9,700 During March, the costs incurred in Department 5 of Plant M were materials, $204,000; factory wages, $285,000; supervisory salaries, $63,600; depreciation of plant and equipment, $35,000 taxes, $14,400; maintenance, $9,456. a. Prepare a budget performance report for the supervisor of Department 5 of Plant M for the month of March. Enter all amounts as positive values. Budget Performance Report Supervisor, Department 5--Plant M For Month Ended March 31, 20-- Budget Actual Over Budget Under Budget Materials Factory wages Supervisory salaries Depreciation of plant and equipment Power and light Insurance and property taxes Maintenance x x x

The budget for Department 5 of Plant M for the current month ending March 31 is as follows: Materials $206,000 Factory wages 265,000 Supervisory salaries 67,800 Depreciation of plant and equipment 35,000 Power and light 22,500 Insurance and property taxes 15,500 Maintenance 9,700 During March, the costs incurred in Department 5 of Plant M were materials, $204,000; factory wages, $285,000; supervisory salaries, $63,600; depreciation of plant and equipment, $35,000 taxes, $14,400; maintenance, $9,456. a. Prepare a budget performance report for the supervisor of Department 5 of Plant M for the month of March. Enter all amounts as positive values. Budget Performance Report Supervisor, Department 5--Plant M For Month Ended March 31, 20-- Budget Actual Over Budget Under Budget Materials Factory wages Supervisory salaries Depreciation of plant and equipment Power and light Insurance and property taxes Maintenance x x x

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter8: Budgeting

Section: Chapter Questions

Problem 1BE: At the beginning of the period, the Fabricating Department budgeted direct labor of 72,000 and...

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