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amm1812
3 years ago
15

Why should you treat savings as an expense in your budget?

Business
1 answer:
nikitadnepr [17]3 years ago
3 0
Savings are for saving not spending
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Budget Performance Reports for Cost Centers Partially completed budget performance reports for Delmar Company, a manufacturer of
julia-pushkina [17]

Answer:

Delmar Company

Delmar Company

Budget Performance Report—Vice President, Production

For the Month Ended June 30

Plant                       Actual           Budget      Over Budget   (Under) Budget

Eastern Region  $4,200,000   $4,250,000                           $(50,000)

Central Region      6,175,000     6,200,000                             (25,000)

Western Region    8,515,000     8,200,000    $375,000

                         $18,890,000  $18,650,000    $375,000      $(75,000)

Delmar Company

Budget Performance Report—Manager, Western Region Plant

For the Month Ended June 30

Department                  Actual       Budget     Over Budget   (Under) Budget

Chip Fabrication      $4,300,000   $4,000,000   $300,000

Electronic Assembly  2,575,000     2,500,000       75,000

Final Assembly           1,640,000      1,700,000                             $(60,000)

                                 $8,515,000  $8,200,000   $375,000         $(60,000)

b. Memo to Randi Wilkes, Vice President

To: Vice President, Production

From: FC

Subject: Budget Performance Report—For the Month Ended June 30

Date: July 3, 2021

The above-mentioned subject refers.

The production division incurred $315,000 more costs than budgeted.  The extra costs are reflected in the increasing cost of producing light duty motors in the Western Region.  The overall increase is caused by the regional differences in Chip fabrication and Electronic Assembly.

There is a need to review production activities with these two production processes with a view to reducing costs.

Regards,

Explanation:

a) Data and Calculations:

Delmar Company

Budget Performance Report—Vice President, Production

For the Month Ended June 30

Plant                       Actual           Budget      Over Budget   (Under) Budget

Eastern Region  $4,200,000   $4,250,000                           $(50,000)

Central Region      6,175,000     6,200,000                             (25,000)

Western Region     (g)                       (h)                $(i)

                             $(j)                      $(k)                $(l)             $(75,000)

Delmar Company

Budget Performance Report—Manager, Western Region Plant

For the Month Ended June 30

Department                  Actual      Budget     Over Budget   (Under) Budget

Chip Fabrication      $(a)                $(b)                $(c)

Electronic Assembly 2,575,000  2,500,000       75,000

Final Assembly          1,640,000   1,700,000                             $(60,000)

                                   $(d)               $(e)              $(f)                 $(60,000)

Delmar Company

Budget Performance Report—Supervisor, Chip Fabrication

For the Month Ended June 30

Cost                             Actual      Budget     Over Budget     (Under) Budget

Factory wages    $1,450,000  $1,200,000    $250,000

Materials               1,575,000     1,600,000                               $(25,000)

Power and light      945,000       900,000         45,000

Maintenance          330,000       300,000         30,000

                         $4,300,000  $4,000,000    $325,000          $(25,000)

a. = $4,300,000

b. = $4,000,000

c. = $300,000 ($325,000 - $25,000)

d. = $8,515,000 ($4,300,000 + 2,575,000 + 1,640,000)

e. = $8,200,000 ($4,000,000 + 2,500,000 + 1,700,000)

f. = $375,000 ($300,000 + 75,000)

g. = $8,515,000

h. = $8,200,000

i. = $375,000

j. = $18,890,000 ($4,200,000 + 6,175,000 + 8,515,000)

k. = $18,650,000 ($4,250,000 + 6,200,000 + 8,200,000)

l. = $375,000

8 0
2 years ago
Simon Company’s year-end balance sheets follow.
klemol [59]

Answer:

The answer is given below;

Explanation:

Days sales in inventory-2017= Average Inventory/Cost of goods sold*365

                                =(115,000+85,000)/2/(458,674)/365

                                =(100,000/458,674)*365

                                =80 days

Days sales inventory 2016= (85,000+56,000)/2/(385,686)*365

                                            =(70,500/385,686)*365

                                             =67 days

3 0
3 years ago
__________________ represents the total benefits offered to consumers through a channel of distribut
bezimeni [28]
A retail value chain represents the total benefits offered to consumers through a channel of distribution
7 0
3 years ago
Which of the following is true? When companies employ push-down accounting:A) the subsidiary revalues assets and liabilities to
kondor19780726 [428]

Answer: The correct answer is A) The subsidiary revalues assets and liabilities to their fair values as of the acquisition date.

Explanation: Push down accounting is used when a company buys another company. This type of accounting revalues the assets and liabilities of the acquired company at a fair value on the date of acquisition.

4 0
3 years ago
What does attention to detail say about you as a leader?
ASHA 777 [7]

Answer:

that you are a good leader and can lead people to victory

Explanation:

5 0
3 years ago
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