Union Company's Corporate Payroll Department Is a Cost Center, and Submits

Essay

Union Company's corporate payroll department is a cost center, and submits monthly performance reports. In the report below, there are both budgeted and actual data. Please use the format below and complete the report. The percentage amounts should be rounded to the nearest one-tenth of a percent. $$\begin{array} { | l | r | r | c | l | l | l | } \hline{ \text { Cost Center } } & & { \text { Flexible } } & \text { Flexible Budget } & & & \\\hline { \text { Performance Report } } & { \text { Actual } } & { \text { Budget } } & \text { Variance } & \text { U/F } & \text { \% variance } & \text { U/F } \\\hline \text { Salary \& benefits } & \$ 46,000 & \$ 44,500 & & & & \\\hline \text { Rent expense } & 12,750 & 11,900 & & & & \\\hline \text { Depreciation expense } & 8,900 & 9,080 & & & & \\\hline \text { Supply expense } & 1,890 & 2,200 & & & & \\\hline \text { Miscellaneous expense } & 4,320 & 4,120 & & & & \\\hline & \$ 73,860 & \$ 71,800 & & & & \\\hline\end{array}$$