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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Woodstock Binding has two service departments, IT (Information Technology) and HR (Human Resources), and two operating departments, Publishing and Binding. Management has decided to allocate IT costs on the basis of IT Tickets (issued with each IT request) in each department and HR costs on the basis of employees in each department. The following data appear in the company records for the current period: IT tickets Employees Department direct costs. IT HR 0 16 1,525 0 Publishing 2,440 24 $ 152,000 $ 247,950 $ 431,000 Binding 2,135 40 $ 392,500 Woodstock Binding estimates that the variable costs in the IT Department total $112,500, and in the HR Department variable costs to $142,500. Avoidable fixed costs in the IT Department are $18,250. Required: If Woodstock Binding outsources the IT Department functions, what is the maximum it can pay an outside vendor without increasing total costs? Note: Do not round intermediate calculations. × Answer is complete but not entirely correct. Maximum…
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