Textbook Problem

Budget performance report for a cost center

Sneed Industries Company sells vehicle parts to manufacturers of heavy construction equipment. The Crane Division is organized as a cost center. The budget for the Crane Division for the month ended August 31, 20Y6, is as follows (in thousands):

During August, the costs incurred in the Crane Division were as follows:

Instructions

Prepare a budget performance report for the director of the Crane Division for the month of August.