C Engineering Co. provided the following information for their business year ending June 30th, 2021. Plant Manager VP of Manufacturing President Controllable Expenses Budget Actual Budget Actual Budget Actual Office expense 7,370 9,770 12,760 17,030 23,110 17,490 Printing 19,950 17,290 Paging 2,410 2,110 Binding 4,650
C Engineering Co. provided the following information for their business year ending June 30th, 2021. Plant Manager VP of Manufacturing President Controllable Expenses Budget Actual Budget Actual Budget Actual Office expense 7,370 9,770 12,760 17,030 23,110 17,490 Printing 19,950 17,290 Paging 2,410 2,110 Binding 4,650
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
JDC Engineering Co. provided the following information for their business year ending June 30th, 2021.
Plant Manager - Responsibility Report
VP of Manufacturing - Responsibility Report
President - Responsibility Report
| Plant Manager | VP of Manufacturing | President | ||||
|---|---|---|---|---|---|---|
| Controllable Expenses | Budget | Actual | Budget | Actual | Budget | Actual |
| Office expense | 7,370 | 9,770 | 12,760 | 17,030 | 23,110 | 17,490 |
| Printing | 19,950 | 17,290 | ||||
| Paging | 2,410 | 2,110 | ||||
| Binding | 4,650 | 4,940 | ||||
| Purchasing | 23,940 | 27,390 | ||||
| Receiving | 11,380 | 14,130 | ||||
| Inspection | 18,790 | 16,830 | ||||
| VP of Marketing | 197,230 | 171,530 | ||||
| Controller | 138,680 | 121,110 | ||||
| Treasurer | 97,000 | 72,870 | ||||
| VP of Personnel | 48,170 | 71,360 |
Prepare the responsibility accounting reports for the three levels of management--plant manager, vice president of manufacturing, and president.
Plant Manager - Responsibility Report
| Actual | Variance | |||
|---|---|---|---|---|
| Office expense | ||||
| Printing | ||||
| Paging | ||||
| Binding | ||||
| Total Controllable Cost |
VP of Manufacturing - Responsibility Report
| Budget | Actual | Variance | ||
|---|---|---|---|---|
| Office expense | ||||
| Purchasing | ||||
| Receiving | ||||
| Inspection | ||||
| Plant Manager | ||||
| Total Controllable Cost |
President - Responsibility Report
| Budget | Actual | Variance | ||
|---|---|---|---|---|
| Office expense | ||||
| VP of Marketing | ||||
| Controller | ||||
| Treasurer | ||||
| VP of Personnel | ||||
| VP of Manufacturing | ||||
| Total Controllable Cost |
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