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Garland Company Budget Performance Report—Supervisor, Chip Fabrication For the Month Ended November 30 Cost Actual Budget...

Garland Company
Budget Performance Report—Supervisor, Chip Fabrication
For the Month Ended November 30
Cost Actual Budget Over Budget Under Budget
Factory wages $95,500 $82,000 $13,500
Materials 115,300 120,000 $(4,700)
Power and light 49,950 45,000 4,950
Maintenance 37,200 28,000 9,200
$297,950 $275,000 $27,650 $(4,700)

a. Complete the budget performance reports by determining the correct amounts for the lettered spaces (a-l) as marked above.

a. $ g. $
b. $ h. $
c. $ i. $
d. $ j. $
e. $ k. $
f. $ l. $

b. The budget for the Chip Fabrication Department indicates that the budget overrun was caused by a combination of budget in wages, power and light, and maintenance that exceeded a budget

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Expert Solution

Garland Company
Budget Performance Report—Vice President, Production
For the Month Ended November 30
Plant Actual Budget Over Budget Under Budget
Eastern Region $2,409,400 $2,420,000 $(10,600)
Central Region 2,998,400 3,000,000 (1,600)
Western Region (g) (h) (i)
$(j) $(k) $(l) $(12,200)
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 $703,200 $700,000 $3,200
Final Assembly 516,600 525,000 $(8,400)
$(d) $(e) $(f) $(8,400)
Garland Company
Budget Performance Report—Supervisor, Chip Fabrication
For the Month Ended November 30
Cost Actual Budget Over Budget Under Budget
Factory wages $95,500 $82,000 $13,500
Materials 115,300 120,000 $(4,700)
Power and light 49,950 45,000 4,950
Maintenance 37,200 28,000 9,200
$297,950 $275,000 $27,650 $(4,700)
a. $ 297,950 g. $1,517,750 (297950 + 703200 + 516,600)
b. $275,000 h. $ $1,500,000 (275,000 + 700000 + 525,000 )
c. -$3,700 i. $-8900 (-500 - 8400)
d. $1,517,750 (297950 + 703200 + 516,600) j. $ 6,925,550 (2,409,400 + 2,998,400 + 1,517,750)
e. $1,500,000 (275,000 + 700000 + 525,000 ) k. $69,20,000 (2,420,000 + 3,000,000 + 1,500,000)
f. $-500 [3200 + (-3700)] l. $-8900 (-500 - 8400)

ekkarill92 answered 1 year ago
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