Answer:
<u>Total Over budget = $112370</u>
<u>Total Under Budget= $ 56062</u>
Explanation:
<u>Valotic Tech Inc.</u>
<u>Budget Performance Report—Director, Consumer Products Division</u>
<u>For the Month Ended January 31, 2016</u>
Budget Actual (Over) Under Budget
Customer service salaries $546,840 $602,350 (55,510)
Insurance & property taxes 114,660 110,240 4420
Distribution salaries 872,340 861,200 11,140
Marketing salaries 1,028,370 1,085,230 (56,860)
Engineer salaries 836,850 820,008 16842
Warehouse wages 586,110 562,632 23478
<u>Equipment depreciation 183,792 183,610 182 </u>
<u> Total $4,168,962 $4,225,270 (56308) </u>
<u />
<u>Total Over budget = $112370</u>
<u>Total Under Budget= $ 56062</u>
Over budget means that the amount is spent more than the amount budgeted.
The Customer service salaries and Marketing salaries are over budgeted and the the director is expected to request supplemental reports of these to analyze where the amount has been overspent.
