a Complete the budget performance reports by determining the

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

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

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)

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)