Exercises E14-1 Budget performance reports for cost centers Partially completed budget performance reports for Runquist Company, a manufacturer of air conditioners, are provided below. Obj. 2 a. (c) $22,950 Plant RUNQUIST COMPANY Budget Performance Report-Vice President, Production For the Month Ended April 30 Budget Actual Over Budget $2,300,000 $2,287,900 3,000,000 2,988,400 (h) $ (K) (Under) Budget $(12,100) (11,600) Daytona Little Rock Oxford (9) $(23,700 Chapter 14 Decentralized Operations (Under) Budget RUNQUIST COMPANY Budget Peformance Report-Plant Manager, Oxford Plant For the Month Ended April 30 Department Budget Actual Over Budget Condenser Assembly $ (a) $ (b) $ (c) Electronic Assembly 700,000 703,200 3,200 Final Assembly 525,000 516,600 $ (d) $ (e) $ (6) $(8,400) $(8,400) (Under) Budget Department Factory wages Materials Power and light Maintenance RUNQUIST COMPANY Budget Performance Report-Supervisor, Condenser Assembly For the Month Ended April 30 Budget Actual Over Budget $ 82,000 $ 95,500 $13,500 120,000 115,300 45,000 49,950 4,950 28,000 37,200 9,200 $275,000 $297,950 $27,650 $(4,700) $(4,700) a. Complete the budget performance reports by determining the correct amounts for the let- tered spaces. b. Compose a memo to Jeff Kitchens, president of Meridian Company, explaining the perfor mance of the Production Division for June