Question

4) The Assembly division of ABC Company assembles tables. The budget for the assembly division is...

4) The Assembly division of ABC Company assembles tables. The budget for the assembly division is as follows: Assembly Employee Salaries $326,000 Supervisor Salaries $120,000 Equipment Depreciation $92,000 Insurance and Property Taxes $59,000 Factory Rent $220,000 Factory Utilities $75,000 The costs actually incurred are as follows: Assembly Employee Salaries $361,153 Supervisor Salaries $125,751 Equipment Depreciation $82,324 Insurance and Property Taxes $67,472 Factory Rent $230,125 Factory Utilities $55,745 Instructions: a) Prepare a budget performance report for the assembly division. b) Which costs might the director request additional information and reports?

Homework Answers

Answer #1

ANSWER

Performance Budget
actual budget Variance
Assembly Employee Salaries 361,153 326,000 35,153 U
Supervisor salaries 125,751 120,000 5,751 U
Equipment Depreciation 82,324 92,000 9,676 F
insurance & property taxes 67,472 59,000 8,472 U
Factory rent 230,125 220,000 10,125 U
factory utilities 55,745 75,000 19,255 F
TOTAL EXPENSE 922,570 892,000 30,570 U
b) costs which might required further information
Assembly employee salaries
supervisor salaries
insurance and property taxes
factory rent

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