Question

Budget Performance Reports for Cost Centers

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	Budget		Actual		Over Budget		Under Budget
Eastern Region	$447,400		$447,400				$0
Central Region	322,100		318,900				(3,200)
Western Region	(g)		(h)		(i)
	$(j)		$(k)		$(l)		$(3,200)

Garland Company Budget Performance Report—Manager, Western Region Plant For the Month Ended November 30
Department	Budget		Actual		Over Budget		Under Budget
Chip Fabrication	$(a)		$(b)		$(c)
Electronic Assembly	65,740		66,590		850
Final Assembly	104,530		103,690				$(840)
	$(d)		$(e)		$(f)		$(840)

Garland Company Budget Performance Report—Supervisor, Chip Fabrication For the Month Ended November 30
Cost	Budget		Actual		Over Budget		Under Budget
Factory wages	$31,840		$34,070		$2,230
Materials	72,800		72,290				$(510)
Power and light	4,620		5,500		880
Maintenance	7,300		7,990		690
	$116,560		$119,850		$3,800		$(510)

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. $

Answer 1

• Requirement

a.	$116,560
b.	$119,850
c.	$3,290
d.	$286,830
e.	$290,130
f.	$4,140
g.	$286,830
h.	$290,130
i.	$4,140
j.	$1,056,330
k.	$1,056,430
l.	$4,140

• Workings

Garland Company
Budget Performance Report—Vice President, Production
For the Month Ended November 30
Plant	Budget		Actual		Over Budget		Under Budget
Eastern Region	$447,400		$447,400				$0
Central Region	$322,100		$318,900				($3,200)
Western Region [From Below table's TABLE]	$286,830		$290,130		$4,140		($840)
	$1,056,330		$1,056,430		$4,140		($4,040)
Garland Company
Budget Performance Report—Manager, Western Region Plant
For the Month Ended November 30
Department	Budget		Actual		Over Budget		Under Budget
Chip Fabrication [data from below table's TOTAL]	$116,560		$119,850		$3,290
Electronic Assembly	$65,740		$66,590		$850
Final Assembly	$104,530		$103,690				($840)
	$286,830		$290,130		$4,140		($840)
Garland Company
Budget Performance Report—Supervisor, Chip Fabrication
For the Month Ended November 30
Cost	Budget		Actual		Over Budget		Under Budget
Factory wages	$31,840		$34,070		$2,230
Materials	$72,800		$72,290				($510)
Power and light	$4,620		$5,500		$880
Maintenance	$7,300		$7,990		$690
TOTAL	$116,560		$119,850		$3,800		($510)