Question: Valotic Tech Inc. sells electronics over the Internet. The Consumer Products Division is organized as a cost center. The budget for the Consumer Products Division
Valotic Tech Inc. sells electronics over the Internet. The Consumer Products Division is organized as a cost center. The budget for the Consumer Products Division for the month ended January 31, 2016, is as follows:
| 1 | Customer service salaries | $546,840.00 |
| 2 | Insurance and property taxes | 114,660.00 |
| 3 | Distribution salaries | 872,340.00 |
| 4 | Marketing salaries | 1,028,370.00 |
| 5 | Engineer salaries | 836,850.00 |
| 6 | Warehouse wages | 586,110.00 |
| 7 | Equipment depreciation | 183,792.00 |
| 8 | Total | $4,168,962.00 |
During January, the costs incurred in the Consumer Products Division were as follows:
| 1 | Customer service salaries | $602,350.00 |
| 2 | Insurance and property taxes | 110,240.00 |
| 3 | Distribution salaries | 861,200.00 |
| 4 | Marketing salaries | 1,085,230.00 |
| 5 | Engineer salaries | 820,008.00 |
| 6 | Warehouse wages | 562,632.00 |
| 7 | Equipment depreciation | 183,610.00 |
| 8 | Total | $4,225,270.00 |
| VALOTIC TECH INC. |
| Budget Performance ReportDirector, Consumer Products Division |
| For the Month Ended January 31, 2016 |
| 1 |
| Budget | Actual | Over Budget | Under Budget |
| 2 | Customer service salaries | ||||
| 3 | Insurance and property taxes | ||||
| 4 | Distribution salaries | ||||
| 5 | Marketing salaries | ||||
| 6 | Engineer salaries | ||||
| 7 | Warehouse wages | ||||
| 8 | Equipment depreciation | ||||
| 9 | Total |
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