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 Actual For Year Ended December 31 Snowmobile Direct materials Direct labor Department manager salaries Supplies used Utilities Rent $ 21,410 12,300 6,200 5,390 550 7,600 ATV $ 29,400 Snowmobile ATV $ 21,320 $ 30,910 22,400 7,100 12,750 6,300 23,330 1,090 5,070 730 8,200 520 7,200 Totals $ 53,450 $ 68,920 $ 53,160 6,300 1,140 690 8,200 $ 70,570 Prepare a responsibility accounting performance report for the snowmobile department. Note: Under budget amounts should be indicated by a minus sign.
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 Actual For Year Ended December 31 Snowmobile Direct materials Direct labor Department manager salaries Supplies used Utilities Rent $ 21,410 12,300 6,200 5,390 550 7,600 ATV $ 29,400 Snowmobile ATV $ 21,320 $ 30,910 22,400 7,100 12,750 6,300 23,330 1,090 5,070 730 8,200 520 7,200 Totals $ 53,450 $ 68,920 $ 53,160 6,300 1,140 690 8,200 $ 70,570 Prepare a responsibility accounting performance report for the snowmobile department. Note: Under budget amounts should be indicated by a minus sign.
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 27BEA: Use the following information for Brief Exercises 4-27 and 4-28: Quillen Company manufactures a...
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