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Sneed Industries Company sells vehicle parts to manufacturers of heavy construction equipment. The Crane Division...

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Question

Accounting

Sneed Industries Company sells vehicle parts to manufacturers of heavy construction equipment. The Crane Division is organized as a cost center. The budget for the Crane Division for the month ended August 31, 20Y6, is as follows (in thousands):

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During August, the costs incurred in the Crane Division were as follows:

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Instructions

  1. Prepare a budget performance report for the director of the Crane Division for the month of August.

  2. For which costs might the director be expected to request supplemental reports?

Customer service salaries Insurance and property taxes Distribution salaries Marketing salaries Engineer salaries Warehouse wages Equipment depreciation Total $ 250,000 50,000 475,000 300,000 740,000 280,000 155,000 $2,250,000 Customer service salaries Insurance and property taxes Distribution salaries Marketing salaries Engineer salaries Warehouse wages Equipment depreciation Total $368,000 49,100 469,500 371,000 738,250 274,900 155,000 $2,425,750

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