Chapter 9, Problem 1PA

(1)

To determine

Budget performance report: This is a report which compares, enumerates, and reports the difference between the actual costs and the estimated or planned costs. If the actual costs are more than the estimated costs, the difference is reported as over budget. If the actual costs are less than the estimated costs, the difference is reported as under budget.

To prepare: Budget performance report for the director of CP Division, for the month of January

(2)

To determine

To indicate: The costs which the director requires supplemental reports.