Solution-Evaluate a performance report for the vice

Evaluate a performance report for the vice president

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Reference no: EM13513676

Charles Corporation has three divisions -marketing, production, and personnel. There is a manager in charge of each division. The flexible budgets for each division follow.

	Marketing	Production	Personnel
	Manager	Manager	Manager
Controllable costs:
Direct material		$10,000
Direct labor		25,000
Salaries	$40,000		$35,000
Supplies	10,000	3,000	2,000
Maintenance	1,000	2,000	1,000
Total	$5 1,000	$40,000	$38,000

Actual costs by division were:

Controllable costs:
Direct material		$12,000
Direct labor		24,000
Salaries	$5 1,000		$34,000
Supplies	800	2,000	1,500
	200	1,500	500
Total	$52,000	$39,500	$36,000

1. Prepare and evaluate a performance report for the production manager.

2. Prepare and evaluate a performance report for the vice president. Other costs for the vice president are assumed to be: budgeted $35,000 and actual $34,400.

Reference no: EM13513676

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Evaluate a performance report for the vice president

Reference no: EM13513676

Reference no: EM13513676

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