The budget for Department 6 of Cardinal Company for the current month ending March 31 is as follows: Materials $208,000 Factory wages 265,000 Supervisory salaries 67,800 Depreciation of plant and

The budget for Department 6 of Cardinal Company for the current month ending March 31 is as follows: Materials $208,000 Factory wages 265,000 Supervisory salaries 67,800 Depreciation of plant and equipment 35,000 Power and light 22,500 Insurance and property taxes 15,500 Maintenance 9,700 ​ ​ During March, the costs incurred in Department 6 of Cardinal Company were materials, $204,000; factory wages, $285,000; supervisory salaries, $63,600; depreciation of plant and equipment, $35,000; power and light, $21,360; insurance and property taxes, $14,400; maintenance, $9,456. (a) Prepare a budget performance report for the supervisor of Department 6 of Cardinal Company for the month of March. (b) Are there any significant variances (5% or greater) of the budgeted amounts that should be examined by the supervisor?

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