Arctica manufactures snowmobiles and ATVs. These products are made in different departments, and eachdepartment has its own manager. Each responsibility performance report only includes those costs that theparticular department manager can control: raw materials, wages, supplies used, and equipment depreciation.Raw materialsEmployee wagesDept. manager salarySupplies usedDepreciation-Equip.UtilitiesRentTotalsSnowmobile$20,59011,5005,400Controllable CostsRaw materialsEmployee wagesSupplies usedDepreciation EquipmentTotalsBudgetATV Combined Snowmobile$20,52011,8705,5004,2707,1004406,400$56,100$28,60021,6006,3002,00013,600$ 49,19033,10011,7006,51020,7001,12014,2004,5107,1084706506,8007,400$56,370 $80,150 $136,520BudgetedAmountPrepare a responsibility accounting report for the snowmobile department. (Under budget amounts should beIndicated by a minus sign.)Responsibility Accounting Performance ReportDept. Manager, Snowmobile DepartmentFor the YearActual AmountActualATVCombined$29,920 $50,44022,34034,2105,50011,0002,0206,29013,600 20,7006101,05013,8007,400$81,390 $137,490Over (Under)Budget

The responsibility accounting means, it is an accounting system that collects, summarizes, and…

Arctica manufactures snowmobiles and ATVs. These products are made in different departments, and each department has its own manager. Each responsibility performance report only includes those costs that the particular department manager can control: raw materials, wages, supplies used, and equipment depreciation. Raw materials Employee wages Dept. manager salary Supplies used Depreciation-Equip. Utilities Rent Totals Snowmobile $20,590 ATV Combined $ 49,190 33,100 11,700 6,510 20,700 650 1,120 7,400 14,200 $56,370 $80,150 $136,520 11,500 5,400 Budget 4,510 7,100 478 6,800 $28,600 21,600 6,300 2,000 13,600 Actual ATV Combined $29,920 $50,440 22,340 34,210 5,500 11,000 2,020 6,290 13,600 20,700 610 1,050 7,400 13,800 $56,100 $81,390 $137,490 Responsibility Accounting Performance Report Dept. Manager, Snowmobile Department Snowmobile $20,520 11,870 5,500 4,270 7,100 440 6,400 Prepare a responsibility accounting report for the snowmobile department. (Under budget amounts should be Indicated by a minus sign.)

Arctica manufactures snowmobiles and ATVs. These products are made in different departments, and each department has its own manager. Each responsibility performance report only includes those costs that the particular department manager can control: raw materials, wages, supplies used, and equipment depreciation. Raw materials Employee wages Dept. manager salary Supplies used Depreciation-Equip. Utilities Rent Totals Snowmobile $20,590 ATV Combined $ 49,190 33,100 11,700 6,510 20,700 650 1,120 7,400 14,200 $56,370 $80,150 $136,520 11,500 5,400 Budget 4,510 7,100 478 6,800 $28,600 21,600 6,300 2,000 13,600 Actual ATV Combined $29,920 $50,440 22,340 34,210 5,500 11,000 2,020 6,290 13,600 20,700 610 1,050 7,400 13,800 $56,100 $81,390 $137,490 Responsibility Accounting Performance Report Dept. Manager, Snowmobile Department Snowmobile $20,520 11,870 5,500 4,270 7,100 440 6,400 Prepare a responsibility accounting report for the snowmobile department. (Under budget amounts should be Indicated by a minus sign.)

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter4: Accounting For Factory Overhead

Section: Chapter Questions

Problem 9E: A manufacturing company has two service and two production departments. Human Resources and Machine...

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A manufacturing company has two service and two production departments. Human Resources and Machine Repair are the service departments. The production departments are Grinding and Polishing. The following data have been estimated for next years operations: The direct charges identified with each of the departments are as follows: The human resources department services all departments of the company, and its costs are allocated using the numbers of employees within each department, while machine repair costs are allocable to Grinding and Polishing on the basis of machine hours. 1. Distribute the service department costs, using the direct method. 2. Distribute the service department costs, using the sequential distribution method, with the department servicing the greatest number of other departments distributed first.
Arctica manufactures snowmobiles and ATVs. These products are made in different departments, and each department has its own manager. Each responsibility performance report only includes those costs that the particular department manager can control: raw materials, wages, supplies used, and equipment depreciation. Raw materials Employee wages Dept. manager salary Supplies used Depreciation-Equip. Utilities Rent Totals Snowmobile $21, 190 Controllable Costs: Raw materials Employee wages Supplies used Depreciation-Equipment Totals 12,100 6,000 5,170 7,700 530 7,400 710 8,000 $60,090 $82,280 Budget ATV $29, 200 22,200 6,900 1,070 14,200 Prepare a responsibility accounting report for the ATV department. (Under budget amounts should be Indicated by a minus sign.) Responsibility Accounting Performance Report Dept. Manager, ATV Department Budgeted Amount Combined $ 50,390 34,300 12,900 6,240 21,900 1,240 15,400 $142,370 For the Year Actual Amount Actual ATV Combined $30,690 $ 51,810 12,530…
Required information [The following information applies to the questions displayed below.] Arctica manufactures snowmobiles and ATVs. These products are made in different departments, and each department has its own manager. Each responsibility performance report includes only those costs that the department manager can control: direct materials, direct labor, supplies used, and utilities. Budget For Year Ended December 31 Direct materials Direct labor Department manager salaries Supplies used Utilities Rent Totals Responsibility Accounting Performance Report Manager, ATV Department For Year Ended December 31 Controllable Costs Snowmobile $ 19,990 10,900 4,800 3,850 410 6,200 $ 46,150 Budgeted $ Prepare a responsibility accounting performance report for the ATV department. (Under budget amounts should be indicated minus sign.) 19,990 $ 10,200 x 3,850 x 6,500 X Actual 19,920 11,210 Direct materials Direct labor Supplies used Utilities Totals $ 40,540 $ 60 *Red text indicates no response…
[The following information applies to the questions displayed below.] Arctica manufactures snowmobiles and ATVs. These products are made in different departments, and each department has its own manager. Each responsibility performance report includes only those costs that the department manager can control: direct materials, direct labor, supplies used, and utilities. Budget For Year Ended December 31 Direct materials Direct labor Department manager salaries Supplies used Utilities Rent Totals Controllable Costs Direct materials Direct labor Supplies used Utilities Totals Responsibility Accounting Performance Report- Manager, Snowmobile Department For Year Ended December 31 $ Snowmobile $ 21,520 12,400 6,300 5,500 560 7,700 $ 53,980 Budgeted Prepare a responsibility accounting performance report for the snowmobile department. (Under budget amounts should be indicated by a minus sign.) 0 $ ATV $ 29,500 22,500 7,200 Actual 1,100 740 8,300 $ 69,340 0 $ Actual Snowmobile $ 21,420 12,860…
! Required information [The following information applies to the questions displayed below.] Totals Arctica manufactures snowmobiles and ATVs. These products are made in different departments, and each department has its own manager. Each responsibility performance report includes only those costs that the department manager can control: direct materials, direct labor, supplies used, and utilities. Budget For Year Ended December 31 Direct materials Direct labor Department manager salaries Supplies used Utilities Rent Totals Snowmobile $ 19,880 10,800 4,700 3,740 400 6,100 $ 45,620 Prepare a responsibility accounting performance report for the ATV department. Note: Under budget amounts should be indicated by a minus sign. Responsibility Accounting Performance Report Manager, ATV Department For Year Ended December 31 Budgeted Controllable Costs ATV $ 27,900 20,900 5,600 940 580 6,700 $ 62,620 Actual Over (Under) Budget Actual Snowmobile $ 19,820 11,100 4,800 3,570 370 5,700 $ 45,360 ATV…
Required information [The following information applies to the questions displayed below.] Arctica manufactures snowmobiles and ATVs. These products are made in different departments, and each department has its own manager. Each responsibility performance report includes only those costs that the department manager can control: direct materials, direct labor, supplies used, and utilities. For Year Ended December 31 Direct materials Direct labor Department manager salaries Supplies used Utilities Rent Totals Controllable Costs Direct materials Direct labor Supplies used Utilities Budgeted Snowmobile $ 19,500 10,400 Prepare a responsibility accounting performance report for the ATV department. Note: Under budget amounts should be indicated by a minus sign. Responsibility Accounting Performance Report Manager, ATV Department For Year Ended December 31 10,400 3,300 360 Budget 4,300 3,300 360 5,700 $ 43,560 $ Actual ATV 27,500 20,500 5,200 900 540 6,300 $ 60,940 19,420 $ 10,660 3,170 330
Required information [The following information applies to the questions displayed below.] Arctica manufactures snowmobiles and ATVS. These products are made in different departments, and each department has its own manager. Each responsibility performance report includes only those costs that the department manager can control: direct materials, direct labor, supplies used, and utilities. Budget For Year Ended December 31 Direct materials Direct labor Totals Department manager salaries Supplies used Utilities Rent Totals Snowmobile $ 19,810 10,700 ▸ 4,600 3,630 Controllable Costs Responsibility Accounting Performance Report Manager, Snowmobile Department For Year Ended December 31 Budgeted $ 390 6,000 $ 45,130 Prepare a responsibility accounting performance report for the snowmobile department. Note: Under budget amounts should be indicated by a minus sign. 0 $ ATV $ 27,800 20,800 5,500 Actual 930 570 6,600 $ 62,200 Actual Snowmobile $ 19,720 10,990 4,700 3,470 360 5,600 $ 44,840 Over…
es Required information [The following information applies to the questions displayed below.] Arctica manufactures snowmobiles and ATVs. These products are made in different departments, and each department has its own manager. Each responsibility performance report includes only those costs that the department manager can control: direct materials, direct labor, supplies used, and utilities. For Year Ended December 31 Direct materials Direct labor Department manager salaries Supplies used Utilities Rent Totals Totals Controllable Costs Totals Budget Snowmobile $ 20,370 11,300 5,200 4,290 450 6,600 $ 48,210 Prepare a responsibility accounting performance report for the snowmobile department. Note: Under budget amounts should be indicated by a minus sign. $ Responsibility Accounting Performance Report Manager, Snowmobile Department For Year Ended December 31 Budgeted Controllable Costs ATV $ 28,400 21,400 6,100 990 630 7,200 $ 64,720 0 $ Snowmobile $ 20,320 11,650 5,300 4,070 420 6,200…
Arctica manufactures snowmobiles and ATVS. These products are made in different departments, and each department has its own manager. Each responsibility performance report includes only those costs that the department manager can control: direct materials, direct labor, supplies used, and utilities. For Year Ended December 31 Direct materials Direct labor Totals Department manager salaries Supplies used Utilities Rent Totals Budget Snowmobile $ 19,810 10,700 4,600 3,630 390 Controllable Costs 6,000 $ 45,130 Responsibility Accounting Performance Report Manager, ATV Department For Year Ended December 31 Budgeted Actual Actual ATV $ 27,800 20,800 5,500 930 570 6,600 $ 62,200 $44,840 Exercise 22-2 (Algo) Responsibility accounting performance report LO P1 Prepare a responsibility accounting performance report for the ATV department. Note: Under budget amounts should be indicated by a minus sign. Over (Under) Budget Snowmobile $ 19, 720 10,998 4,700 3,470 360 5,600 ATV $ 29,150 21,570 4,700…
Arctica manufactures snowmobiles and ATVs. These products are made in different departments, and each department has its own manager. Each responsibility performance report includes only those costs that the department manager can control: direct materials, direct labor, supplies used, and utilities. Budget Actual For Year Ended December 31 Direct materials Direct labor Department manager salaries Snowmobile $ 19,610 10,500 ATV $ 27,600 Snowmobile $ 19,520 ATV $ 28,930 4,400 20,600 5,300 10,770 21,350 4,500 Supplies used Utilities Rent 3,410 370 5,800 910 550 6,400 3,270 340 5,400 4,500 940 510 6,400 Totals $ 44,090 $ 61,360 $ 43,800 $ 62,630 Exercise 24-1 (Algo) Responsibility accounting performance report LO P1 Prepare a responsibility accounting performance report for the snowmobile department. Note: Under budget amounts should be indicated by a minus sign. Responsibility Accounting Performance Report Controllable Costs Manager, Snowmobile Department For Year Ended December 31…
Required information [The following information applies to the questions displayed below.] Arctica manufactures snowmobiles and ATVs. These products are made in different departments, and each department has its own manager. Each responsibility performance report includes only those costs that the department manager can control: direct materials, direct labor, supplies used, and utilities. Budget A For Year Ended December 31 Snowmobile ATV Direct materials Direct labor Department manager salaries Supplies used Utilities Rent Totals $ 20,700 11,600 $ 28,700 Snowmobile $ 20,620 21,700 11,980 5,500 6,400 4,620 1,020 480 6,900 660 7,500 $,600 4,370 450 6,500 $ 49,800 $ 65,980 $ 49,520 Prepare a responsibility accounting performance report for the snowmobile department. Note: Under budget amounts should be indicated by a minus sign. Responsibility Accounting Performance Report Manager, Snowmobile Department For Year Ended December 31 Totals Controllable Costs Budgeted Actual Over (Under)…
Renata Company has four departments: Materials, Personnel, Manufacturing, and Packaging. Information follows. Department Materials Personnel Manufacturing Packaging Employees Square Feet Asset Values $ 7,900 4,740 45,820 20,540 $ 79,000 38 19 76 57 64,750 9,250 92,500 18,500 Total 190 185,000 The four departments share the following indirect expenses for supervision, utilities, and insurance according to their allocation bases. Indirect Expense Supervision Utilities Cost Allocation Base $ 84,400 Number of employees 69,000 Square feet occupied 32,000 Asset values $ 185,400 Insurance Total Allocate each of the three indirect expenses to the four departments. Supervision Cost to be Allocated Allocation Base Percent of Allocation Base Allocated Cost expenses Department Numerator Denominator % of Total Materials Personnel Manufacturing Packaging Totals Cost to be Allocated Utilities Allocation Base Percent of Allocation Base Allocated Cost Department Numerator Denominator % of Total…