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Accounting

27th Edition
WARREN + 5 others
ISBN: 9781337272094

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BuyFindarrow_forward

Accounting

27th Edition
WARREN + 5 others
ISBN: 9781337272094
Textbook Problem

Budgetary performance for cost center

 Conley Company’s costs were under budget by $198,000. The company is divided into North and South regions. The North Region's costs were over budget by $52,000. Determine the amount that the South Region’s costs were over or under budget.

To determine

Budget: Budget 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 compute: Whether the S Region’s costs were over budget or under budget

Explanation

Compute the costs of S Region and determine whether they were over budget or under budget.

Total costs of Company C} = Costs of N Region + Costs of  S RegionCosts of S Region}  = T

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