Delmar CompanyBudget Performance Report-Supervisor, Chip FabricationFor the Month Ended June 30Over(Under)CostActualBudgetBudgetBudgetFactory wages$27,830$26,010$1,820Materials66,27066,740$(470)Power and light4,7503,990760Maintenance8,6707,920750$107,520$104,660$3,330$(470)a. Complete the budget performance reports by determining the correct amounts for the lettered spaces (a-l) as marked above.a. $b. $c. $d. $g. $h. $i. $j. $e. $k. $f. $1. $ Partially completed budget performance reports for Delmar Company, a manufacturer of light duty motors, follow:Delmar CompanyBudget Performance Report-Vice President, ProductionFor the Month Ended June 30Over(Under)PlantActualBudgetBudgetBudgetEastern Region$447,800$447,800$0Central Region319,200322,400(3,200)Western Region(g)(h)(i)$(j)$(k)$(1)$(3,200)Delmar CompanyBudget Performance Report-Manager, Western Region PlantFor the Month Ended June 30Over(Under)DepartmentActualBudgetBudgetBudgetChip Fabrication$(a)$(b)$(c)Electronic Assembly78,67077,6601,010Final Assembly124,030125,030$(1,000)$(d)$(e)$(f)$(1,000)

(a) - is equal to the total "actual" cost under the "Budget Performance Report - Supervisor, Chip…

Answered: Delmar Company Budget Performance…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Budget Performance Reports for Cost Centers Partially completed budget performance reports for Garland Company, a manufacturer of light duty motors, follow:
For Year Ended December 31 Direct materials Direct labor Department manager salaries Supplies used Utilities Rent Totals Budget Snowmobile $ 20,590 11,500 ATV $ 28,600 Snowmobile $ 20,520 Actual ATV $ 30,030 11,870 22,450 5,500 5,500 21,600 5,400 6,300 4,510 1,010 470 6,800 650 7,400 4,270 440 6,400 $ 49,270 $ 65,560 $ 49,000 1,070 610 7,400 $ 67,060 s Exercise 22-1 (Algo) Responsibility accounting performance report LO P1 Prepare a responsibility accounting performance report for the snowmobile department. Note: Under budget amounts should be indicated by a minus sign. Responsibility Accounting Performance Report Manager, Snowmobile Department For Year Ended December 31 Totals Controllable Costs Budgeted Actual Over (Under) Budget
am. 103.
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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 Chip Fabrication Electronic Assembly Final Assembly Budget Performance Report-Vice President, Production For the Month Ended June 30 Cost Factory wages Materials Power and light a. S b. Maintenance c. S d. s e. S f. S Actual $402,500 286,900 (g) $(1) Actual $(a) 86,710 135,860 $(d) Delmar Company Budget Performance Report-Manager, Western Region Plant For the Month Ended June 30 Over Budget Budget $402,500 289,800 Actual $25,680 73,390 4,460 8,050 (h) $(k) Budget $(b) 85,600 136,960 $(e) i. $ (1) $(1) 9. $ h. $ Over Budget s(c) 1,110 Delmar Company Budget Performance Report-Supervisor, Chip Fabrication For the Month Ended June 30 Over Budget Budget $24,000 $1,680 73,910 3,750 7,350 j. s k. $ 1. S $(f) (Under) Budget $0 (2,900) 710 700 $111,580 $109,010 $3,090 $(520) a. Complete the budget performance…
Consider Derek's budget information: materials to be used, $63,300; direct labor, $199,200; factory overhead, $397,400; work in process inventory on January 1, $189,300; and work in progress inventory on December 31, $194,100. What is the budgeted cost of goods manufactured for the year? a.$655,100 b.$849,200 c.$659,900 d.$194,100
The following are the budgeted and actual income statements for Tucan Ltd, a manufacturing business, for the month of January: Budget Output (production and sales) Sales revenue Raw materials Labour Fixed overheads Operating profit Output (production and sales) Sales revenue Raw materials Labour Fixed overheads 5,000 units Flexed budget £ 500,000 200,000 150,000 70,000 80,000 £ units Actual 6,000 units £ 630,000 270,000 150,000 78,000 132,000 C
Consider Derek's budget information: materials to be used totals $63,300; direct labor totals $202,000; factory overhead totals $393,900; work in process inventory January 1, $187,200; and work in progress inventory on December 31, $193,400. What is the budgeted cost of goods manufactured for the year?
Professional Labor Cost Budget for a Service Company Rollins and Cohen, CPAS, offer three types of services to clients: auditing, tax, and small business accounting. Based on experience and projected growth, the following billable hours have been estimated for the year ending December 31, 20Y7: Billable Hours Audit Department: Staff 37,500 Partners 5,600 Tax Department: Staff 27,400 Partners 3,400 Small Business Accounting Department: Staff 4,900 Partners 700 Based on the data provided above and assuming that the average compensation per hour for staff is $45 and for partners is $140, prepare a professional labor cost budget for each department for Rollins and Cohen, CPAS, for the year ending December 31, 20Y7. Rollins and Cohen, CPAS Professional Labor Cost Budget For the Year Ending December 31, 20Y7 Staff Partners Audit department hours Tax department hours Small business accounting department hours Total hours Average compensation per hour X $ Total professional labor cost $

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