Partially completed budget performance reports for Garland Company, a manufacturer of light duty motors, follow: Garland COMPANY Budget Performance Report—Vice President, Production For the Month Ended November 30 Plant Actual Budget Over Budget Under Budget Eastern Region $926,750 $929,000 $(2,250) Central Region 664,400 668,000 (3,600) Western Region (G) (H) $(I) $(J) $(K) $(L) $(5,850) Garland COMPANY Budget Performance Report—Manager, Western Region Plant For the Month Ended November 30 Department Actual Budget Over Budget Under Budget Chip Fabrication (A) (B) (C) Electronic Assembly $193,190 $190,500 $2,690 Final Assembly 306,250 307,000 $(750) $(D) $(E) $(F) $(750) Garland COMPANY Budget Performance Report—Supervisor, Chip Fabrication For the Month Ended November 30 Cost Actual Budget Over Budget Under Budget Factory wages $60,220 $58,720 $1,500 Materials 156,940 158,000 $(1,060) Power and light 10,060 8,500 1,560 Maintenance 16,610 15,110 1,500 $243,830 $240,330 $4,560 $(1,060) Required: A. Complete the budget performance reports by determining the correct amounts for the lettered spaces. Enter all amounts as positive numbers. No decimal places are needed. B. Explain the performance of the production division for November.

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 33E: A companys controller is adjusting next years budget to reflect the impact of an expected 3 percent...

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Partially completed budget performance reports for Garland Company, a manufacturer of light duty motors, follow:

Garland COMPANY
Budget Performance Report—Vice President, Production
For the Month Ended November 30
Plant	Actual	Budget	Over Budget	Under Budget
Eastern Region	$926,750	$929,000		$(2,250)
Central Region	664,400	668,000		(3,600)
Western Region	(G)	(H)	$(I)
	$(J)	$(K)	$(L)	$(5,850)

Garland COMPANY
Budget Performance Report—Manager, Western Region Plant
For the Month Ended November 30
Department	Actual	Budget	Over Budget	Under Budget
Chip Fabrication	(A)	(B)	(C)
Electronic Assembly	$193,190	$190,500	$2,690
Final Assembly	306,250	307,000		$(750)
	$(D)	$(E)	$(F)	$(750)

Garland COMPANY
Budget Performance Report—Supervisor, Chip Fabrication
For the Month Ended November 30
Cost	Actual	Budget	Over Budget	Under Budget
Factory wages	$60,220	$58,720	$1,500
Materials	156,940	158,000		$(1,060)
Power and light	10,060	8,500	1,560
Maintenance	16,610	15,110	1,500
	$243,830	$240,330	$4,560	$(1,060)

	Required:
A.	Complete the budget performance reports by determining the correct amounts for the lettered spaces. Enter all amounts as positive numbers. No decimal places are needed.
B.	Explain the performance of the production division for November.

Complete the budget performance reports by
determining the correct amounts for the lettered
spaces. Enter all amounts as positive numbers. No
decimal places are needed.
A.
$243,830
В.
$240,330
С.
$3,500
$743,270
Е.
$737,830
F.
$6,190
G.
$743,270
Н.
$737,830
I.
$
J.
$2,334,420
К.
$2,334,830
L. $
D.
K.

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