Partially completed budget performance reports for Meridian Company, a manufacturer of air conditioners, are provided below.

a. Complete the budget performance reports by determining the correct amounts for the lettered spaces.
b. Compose a memo to Darla Pennington, President of Meridian Company, explaining the performance of the Production Division forJune.

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Meridian Company Budget Performance ReportVice President, Production For the Month Ended June 30, 2012 Plant Orlando, Florida Waco, Texas Peoria, Illinois Budget $750,000 400,000 Actual $752,000 398,200 Over Budget $2,000 Under Budget $1,800 $ (K) $1,800 Meridian Company Budget Peformance Report-Plant Manager, Peoria, Illinois For the Month Ended June 30, 2012 Budget 5 (a) 75,000 60,000 s (d) Actual $ (b) 75,300 59,275 s (e) Over Budget $ (c) Under Budget Department Condenser Assembly Electronic Assembly Final Assembly $ (f) $725 Meridian Company Budget Performance Report-Supervisor, Condenser Assembly For the Month Ended June 30, 2012 Department Factory wages Materials Power and light Maintenance Budget $ 30,000 85,000 14,500 10,500 $140,000 Actual Over Budget Under Budget $ 33400 84,650 16,900 15,800 $150,750 3,400 35 2,400 5,300 $11,100 $350