Partially completed budget performance reports for Qual Tech Company, a manufacturer of air conditioners, are provided below.
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Qual Tech Company |
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Budget Performance Report—Vice President, Production |
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For the Month Ended April 30, 2008 |
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Plant |
Budget |
Actual |
Over Budget |
Under Budget |
|
North Region |
$362,460 |
$360,920 |
|
$1,540 |
|
Central Region |
259,980 |
258,580 |
|
1,400 |
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South Region |
(g) |
(h) |
$ (i) |
|
|
|
$ (j) |
$ (k) |
$ (l) |
$2,940 |
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Qual Tech Company |
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Budget Performance Report—Manager, South Region Plant |
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For the Month Ended April 30, 2008 |
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Department |
Budget |
Actual |
Over Budget |
Under Budget |
|
Chip Fabrication |
$ (a) |
$ (b) |
$ (c) |
|
|
Electronic Assembly |
74,480 |
75,460 |
980 |
|
|
Final Assembly |
119,980 |
119,560 |
|
$420 |
|
|
$ (d) |
$ (e) |
$ (f) |
$420 |
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Qual Tech Company |
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Budget Performance Report—Supervisor, Chip Fabrication |
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For the Month Ended April 30, 2008 |
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Costs |
Budget |
Actual |
Over Budget |
Under Budget |
|
Factory wages |
$ 21,560 |
$ 23,100 |
$1,540 |
|
|
Materials |
60,900 |
60,480 |
|
$420 |
|
Power and light |
3,360 |
3,990 |
630 |
|
|
Maintenance |
5,880 |
6,440 |
560 |
|
|
|
$ 91,700 |
$ 94,010 |
$2,730 |
$420 |
a. Complete the budget performance reports by determining the correct amounts for the lettered spaces.
b. Compose a memo to Dana Johnson, vice president of production for Qual Tech Company, explaining the performance of the production division for April.