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 Snowmobile ATV $ 28,600 Snowmobile $ 20,520 ATV $ 30,030 21,600 11,870 22,450 For Year Ended December 31 Direct materials. Direct labor Department manager salaries Supplies used Utilities Rent Totals $ 20,590 11,500 5,400 6,300 4,510 1,010 5,500 4,270 470 6,800 650 7,400 440 6,400 $ 49,270 $ 65,560 $ 49,000 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 Controllable Costs Budgeted Actual Over (Under) Budget 5,500 1,070 610 7,400 $ 67,060
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 Snowmobile ATV $ 28,600 Snowmobile $ 20,520 ATV $ 30,030 21,600 11,870 22,450 For Year Ended December 31 Direct materials. Direct labor Department manager salaries Supplies used Utilities Rent Totals $ 20,590 11,500 5,400 6,300 4,510 1,010 5,500 4,270 470 6,800 650 7,400 440 6,400 $ 49,270 $ 65,560 $ 49,000 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 Controllable Costs Budgeted Actual Over (Under) Budget 5,500 1,070 610 7,400 $ 67,060
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter4: Job-order Costing And Overhead Application
Section: Chapter Questions
Problem 57P: Overhead Rates, Unit Costs Folsom Company manufactures specialty tools to customer order. There are...
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