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Precision Tools Company

Performance Report – Machining Department

If you look at the given Performance Report that is given, it is prepared at the beginning of the budgeting period and is valid for only the planned level of activity and is inadequate for evaluating how well costs are controlled. If activity is higher than expected, variable costs should be higher than expected, we can see all variance will be unfavourable on the surface because we used more machine hours than the Static Budget. This report needs to be re-arranged to compare variances more accurately:


38000 38000 35000
Overheads Unit Cost Actual Variance Flexible Variance Static
Utilities 0.40 15700 500U 15200 1200U 14000
Indirect labour 2.30 86500 900F 87400 6900U 80500
Supplies 0.60 26000 3200U 22800 1800U 21000
Maintenance 1.20 44900 700F 45600 3600U 42000
173100 2100U 171000 13500U 157500
Spending Efficiency
15600U

From this new Performance......

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Approximate Word Count: 645
Approximate Pages: 3 (250 words per double-spaced page)

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