Budget Performance Report for a Cost CenterThe Eastern District of Adelson Inc. is organized as a cost center. The budget for the Eastern District of Adelson Inc. for themonth ended December 31 is as follows:Sales salaries $819,840System administration salaries 448,152Customer service salaries 152,600Billing salaries 98,760Maintenance 271,104Depreciation of plant and equipment 92,232Insurance and property taxes 41,280Total $1,923,968During December, the costs incurred in the Eastern District were as follows:Sales salaries $818,880System administration salaries 447,720Customer service salaries 183,120Billing salaries 98,100Maintenance 273,000Depreciation of plant and equipment 92,232Insurance and property taxes 41,400Total $1,954,452Required:1. Prepare a budget performance report for the manager of the Eastern District of Adelson for the month of December.Enter all amounts as positive numbers. If an amount box does not require an entry, leave it blank, or enter zero "0".
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.
Budget Performance Report for a Cost Center
The Eastern District of Adelson Inc. is organized as a cost center. The budget for the Eastern District of Adelson Inc. for the
month ended December 31 is as follows:
Sales salaries $819,840
System administration salaries 448,152
Customer service salaries 152,600
Billing salaries 98,760
Maintenance 271,104
Depreciation of plant and equipment 92,232
Insurance and property taxes 41,280
Total $1,923,968
During December, the costs incurred in the Eastern District were as follows:
Sales salaries $818,880
System administration salaries 447,720
Customer service salaries 183,120
Billing salaries 98,100
Maintenance 273,000
Depreciation of plant and equipment 92,232
Insurance and property taxes 41,400
Total $1,954,452
Required:
1. Prepare a budget performance report for the manager of the Eastern District of Adelson for the month of December.
Enter all amounts as positive numbers. If an amount box does not require an entry, leave it blank, or enter zero "0".
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