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.)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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