Budget Performance Reports for Cost Centers

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

RUNQUIST COMPANY Budget Performance ReportVice President, Production For the Month Ended April 30
Plant		Budget		Actual		Over Budget		(Under) Budget
Daytona		$2,300,000		$2,287,900				$(12,100)
Little Rock		3,000,000		2,988,400				(11,600)
Oxford		(g)		(h)		(i)
		$(j)		$(k)		$(l)		$(23,700)

RUNQUIST COMPANY Budget Performance ReportPlant Manager, Oxford Plant For the Month Ended April 30
Department		Budget		Actual		Over Budget		(Under) Budget
Condenser Assembly		$(a)		$(b)		$(c)
Electronic Assembly		700,000		703,200		3,200
Final Assembly		525,000		516,600				$(8,400)
		$(d)		$(e)		$(f)		$(8,400)

RUNQUIST COMPANY Budget Performance ReportSupervisor, Condenser Assembly For the Month Ended April 30
Department		Budget		Actual		Over Budget		(Under) Budget
Factory wages		$82,000		$95,500		$13,500
Materials		120,000		115,300				$(4,700)
Power and light		45,000		49,950		4,950
Maintenance		28,000		37,200		9,200
		$275,000		$297,950		$27,650		$(4,700)

a. Complete the budget performance reports by determining the correct amounts for the lettered spaces (a. - l.) found above.

a.	$	g.	$
b.	$	h.	$
c.	$	i.	$
d.	$	j.	$
e.	$	k.	$
f.	$	l.	$

b. If you were composing a memo to Jeff Kitchens, Vice President of Production, explaining the performance of the Production Division for April, you might include the following:

The Oxford plant has experienced a budget _____, while the Daytona and Little Rock plants have experienced a budget _____. The budget of the Oxford plant reveals that the Condenser Assembly Department caused the majority of the budget _____. The budget for the Condenser Assembly Department indicates that the budget _____ was caused by a combination of budget overruns in _____ that exceeded a budget surplus in materials.