The budget for Department 6 of Cardinal Company for the current month ending March 31 is as follows: Materials $208,000 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 6 of Cardinal Company were materials, $204,000; factory wages, $285,000; supervisory salaries, $63,600; depreciation of plant and equipment, $35,000; power and light, $21,360; insurance and property taxes, $14,400; and maintenance, $9,456. a. Prepare a budget performance report for the supervisor of Department 6 of Cardinal Company for the month of March. If an amount box does not require an entry, leave it blank. Use the minus sign to indicate under budget answers. Budget Performance Report Supervisor, Department 6—Cardinal Company For the Month Ended March 31 Actual Budget (Under) Budget Over Budget Materials $fill in the blank 25e470081fe0fb8_1 $fill in the blank 25e470081fe0fb8_2 $fill in the blank 25e470081fe0fb8_3 fill in the blank 25e470081fe0fb8_4 Factory wages fill in the blank 25e470081fe0fb8_5 fill in the blank 25e470081fe0fb8_6 fill in the blank 25e470081fe0fb8_7 $fill in the blank 25e470081fe0fb8_8 Supervisory salaries fill in the blank 25e470081fe0fb8_9 fill in the blank 25e470081fe0fb8_10 fill in the blank 25e470081fe0fb8_11 fill in the blank 25e470081fe0fb8_12 Depreciation of plant and equipment fill in the blank 25e470081fe0fb8_13 fill in the blank 25e470081fe0fb8_14 fill in the blank 25e470081fe0fb8_15 fill in the blank 25e470081fe0fb8_16 Power and light fill in the blank 25e470081fe0fb8_17 fill in the blank 25e470081fe0fb8_18 fill in the blank 25e470081fe0fb8_19 fill in the blank 25e470081fe0fb8_20 Insurance and property taxes fill in the blank 25e470081fe0fb8_21 fill in the blank 25e470081fe0fb8_22 fill in the blank 25e470081fe0fb8_23 fill in the blank 25e470081fe0fb8_24 Maintenance fill in the blank 25e470081fe0fb8_25 fill in the blank 25e470081fe0fb8_26 fill in the blank 25e470081fe0fb8_27 fill in the blank 25e470081fe0fb8_28 $fill in the blank 25e470081fe0fb8_29 $fill in the blank 25e470081fe0fb8_30 $fill in the blank 25e470081fe0fb8_31 $fill in the blank 25e470081fe0fb8_32 b. Are there any significant variances (5% or greater) of the budgeted amounts that should be examined by the supervisor? Y or

The budget for Department 6 of Cardinal Company for the current month ending March 31 is as follows: Materials $208,000 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 6 of Cardinal Company were materials, $204,000; factory wages, $285,000; supervisory salaries, $63,600; depreciation of plant and equipment, $35,000; power and light, $21,360; insurance and property taxes, $14,400; and maintenance, $9,456. a. Prepare a budget performance report for the supervisor of Department 6 of Cardinal Company for the month of March. If an amount box does not require an entry, leave it blank. Use the minus sign to indicate under budget answers. Budget Performance Report Supervisor, Department 6—Cardinal Company For the Month Ended March 31 Actual Budget (Under) Budget Over Budget Materials $fill in the blank 25e470081fe0fb8_1 $fill in the blank 25e470081fe0fb8_2 $fill in the blank 25e470081fe0fb8_3 fill in the blank 25e470081fe0fb8_4 Factory wages fill in the blank 25e470081fe0fb8_5 fill in the blank 25e470081fe0fb8_6 fill in the blank 25e470081fe0fb8_7 $fill in the blank 25e470081fe0fb8_8 Supervisory salaries fill in the blank 25e470081fe0fb8_9 fill in the blank 25e470081fe0fb8_10 fill in the blank 25e470081fe0fb8_11 fill in the blank 25e470081fe0fb8_12 Depreciation of plant and equipment fill in the blank 25e470081fe0fb8_13 fill in the blank 25e470081fe0fb8_14 fill in the blank 25e470081fe0fb8_15 fill in the blank 25e470081fe0fb8_16 Power and light fill in the blank 25e470081fe0fb8_17 fill in the blank 25e470081fe0fb8_18 fill in the blank 25e470081fe0fb8_19 fill in the blank 25e470081fe0fb8_20 Insurance and property taxes fill in the blank 25e470081fe0fb8_21 fill in the blank 25e470081fe0fb8_22 fill in the blank 25e470081fe0fb8_23 fill in the blank 25e470081fe0fb8_24 Maintenance fill in the blank 25e470081fe0fb8_25 fill in the blank 25e470081fe0fb8_26 fill in the blank 25e470081fe0fb8_27 fill in the blank 25e470081fe0fb8_28 $fill in the blank 25e470081fe0fb8_29 $fill in the blank 25e470081fe0fb8_30 $fill in the blank 25e470081fe0fb8_31 $fill in the blank 25e470081fe0fb8_32 b. Are there any significant variances (5% or greater) of the budgeted amounts that should be examined by the supervisor? Y or

Managerial Accounting

15th Edition

ISBN:9781337912020

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

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

Chapter9: Evaluating Variances From Standard Costs

Section: Chapter Questions

Problem 13E: Flexible overhead budget Leno Manufacturing Company prepared the following factory overhead cost...

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Question

The budget for Department 6 of Cardinal Company for the current month ending March 31 is as follows:

Materials	$208,000
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 6 of Cardinal Company were materials, $204,000; factory wages, $285,000; supervisory salaries, $63,600; depreciation of plant and equipment, $35,000; power and light, $21,360; insurance and property taxes, $14,400; and maintenance, $9,456.

a. Prepare a budget performance report for the supervisor of Department 6 of Cardinal Company for the month of March. If an amount box does not require an entry, leave it blank. Use the minus sign to indicate under budget answers.

Budget Performance Report
Supervisor, Department 6—Cardinal Company
For the Month Ended March 31
	Actual	Budget	(Under) Budget	Over Budget
Materials	$fill in the blank 25e470081fe0fb8_1	$fill in the blank 25e470081fe0fb8_2	$fill in the blank 25e470081fe0fb8_3	fill in the blank 25e470081fe0fb8_4
Factory wages	fill in the blank 25e470081fe0fb8_5	fill in the blank 25e470081fe0fb8_6	fill in the blank 25e470081fe0fb8_7	$fill in the blank 25e470081fe0fb8_8
Supervisory salaries	fill in the blank 25e470081fe0fb8_9	fill in the blank 25e470081fe0fb8_10	fill in the blank 25e470081fe0fb8_11	fill in the blank 25e470081fe0fb8_12
Depreciation of plant and equipment	fill in the blank 25e470081fe0fb8_13	fill in the blank 25e470081fe0fb8_14	fill in the blank 25e470081fe0fb8_15	fill in the blank 25e470081fe0fb8_16
Power and light	fill in the blank 25e470081fe0fb8_17	fill in the blank 25e470081fe0fb8_18	fill in the blank 25e470081fe0fb8_19	fill in the blank 25e470081fe0fb8_20
Insurance and property taxes	fill in the blank 25e470081fe0fb8_21	fill in the blank 25e470081fe0fb8_22	fill in the blank 25e470081fe0fb8_23	fill in the blank 25e470081fe0fb8_24
Maintenance	fill in the blank 25e470081fe0fb8_25	fill in the blank 25e470081fe0fb8_26	fill in the blank 25e470081fe0fb8_27	fill in the blank 25e470081fe0fb8_28
	$fill in the blank 25e470081fe0fb8_29	$fill in the blank 25e470081fe0fb8_30	$fill in the blank 25e470081fe0fb8_31	$fill in the blank 25e470081fe0fb8_32

b. Are there any significant variances (5% or greater) of the budgeted amounts that should be examined by the supervisor? Y or N

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