Partially completed budget performance reports for Maguire Company, a manufacturer of air conditioners, are provided on the shown below

.

a. Complete the budget performance reports by determining the correct amounts for the lettered spaces.
b. Compose a memo to Holly Keller, vice president of production for Maguire Company, explaining the performance of the production division forMay.

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Maguire Company Budget Performance ReportVice President, Production Plant Mid-Atiantic Region West Region South Region For the Month Ended May 31, 2014 Bud 748,800 535,680 Actual 747,000 532,800 Over et Under Budget 1,800 2,880 4,680 Maguire Company Budget Performance Report Manager, South Region Plant For the Month Ended May 31, 2014 Bud Actual Over Under Budget Chip Fabrication Electronic Assembly Final Assembly 153,216 246600 (bj $155,232 245,952 2,016 $648 $648 Maguire Company Budget Performance Report-Supervisor, Chip Fabrication For the Month Ended May 31, 2014 Cost Factory wages Materials Power and light Maintenance Actual 49,200 124416 Over Budget $1,248 Under Budget 47952 125,280 6,912 12096 192240 1,296 1.152 3,696 13,248 195,072