Question: Performance Report. A partial performance report for a department is as follows: Direct materials Director Totals Budget $20,000 $15.000 Actual Variance $5.000 F 45000 $65.000

Performance Report. A partial performance report for a department is as follows: Direct materials Director Totals Budget $20,000 $15.000 Actual Variance $5.000 F 45000 $65.000 50.000 $15.000 5.000 U Since the total variance is zero, the department manager believes that there is no problem. Do you agree? Explain.

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