Answer:
a) Cardinal Company, department 6
Budget performance report
For the month ended march 31, 202x
Budget Actual Over Under
budget budget
Materials $208,000 $204,000 $4,000
Factory wages $265,000 $285,000 ($20,000)
Supervisory salaries $67,800 $63,600 $4,200
Depreciation P&E $35,000 $35,000 - -
Power and light $22,500 $21,360 $1,140
Insurance and $15,500 $14,400 $1,100
property taxes
Maintenance $9,700 $9,456 $244
Total $623,500 $632,816 ($9,316)
b) Factory wages were higher than budgeted by $20,000 or 7.55%, supervisory salaries were lower than budget by $4,200 or 6.19%, power and light were lower than budgeted by $1,140 or 5.07%, and insurance and property taxes were lower than budgeted by $1,100 or 7.1%
