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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. For Year Ended December 31 Direct materials Direct labor Department manager salaries Supplies used Utilities Totals Rent Totals Controllable Costs Direct materials Department manager salaries i Supplies used Responsibility Accounting Performance Report Manager Snowmobile Department For Year Ended December 31 Budgeted Budget Snowmobile $ 19,500 10,400 4,300 3,300 360 5,700 $.43,560 0 $ Prepare a responsibility accounting performance report for the snowmobile department. Note: Under budget amounts should be indicated by a minus sign. Actual ATV $ 27,500 20,500 5,200 900 540 6,300 $ 60,940 0$ Actual Snowmobile $19,420 Over (Under) Budget 10,660 4,400 3,170 330 5,300 $43,280 ATV $ 28,820 21,240 4,400 920 500 6,300 $ 62,180

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. For Year Ended December 31 Direct materials Direct labor Department manager salaries Supplies used Utilities Totals Rent Totals Controllable Costs Direct materials Department manager salaries i Supplies used Responsibility Accounting Performance Report Manager Snowmobile Department For Year Ended December 31 Budgeted Budget Snowmobile $ 19,500 10,400 4,300 3,300 360 5,700 $.43,560 0 $ Prepare a responsibility accounting performance report for the snowmobile department. Note: Under budget amounts should be indicated by a minus sign. Actual ATV $ 27,500 20,500 5,200 900 540 6,300 $ 60,940 0$ Actual Snowmobile $19,420 Over (Under) Budget 10,660 4,400 3,170 330 5,300 $43,280 ATV $ 28,820 21,240 4,400 920 500 6,300 $ 62,180

FINANCIAL ACCOUNTING
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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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. For Year Ended December 31 Direct materials Direct labor Department manager salaries Supplies used Utilities Rent Totals Totals Controllable Costs Direct materials Department manager salaries Supplies used Budget Responsibility Accounting Performance Report Manager Snowmobile Department For Year Ended December 31 Budgeted Snowmobile $19,500 10,400 4,300 3,300 360 5,700 $ 43,560 0 $ Prepare a responsibility accounting performance report for the snowmobile department. Note: Under budget amounts should be indicated by a minus sign. ATV $ 27,500 20,500 5,200 Actual 900 540 6,300 $ 60,940 Actual Snowmobile $ 19,420 10,660 4,400 3,170 330 5,300 $43,280 Over (Under) Budget ATV $ 28,820 21,240 4,400 920 500 6,300 $62,180
Transcribed Image Text: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. For Year Ended December 31 Direct materials Direct labor Department manager salaries Supplies used Utilities Rent Totals Totals Controllable Costs Direct materials Department manager salaries Supplies used Budget Responsibility Accounting Performance Report Manager Snowmobile Department For Year Ended December 31 Budgeted Snowmobile $19,500 10,400 4,300 3,300 360 5,700 $ 43,560 0 $ Prepare a responsibility accounting performance report for the snowmobile department. Note: Under budget amounts should be indicated by a minus sign. ATV $ 27,500 20,500 5,200 Actual 900 540 6,300 $ 60,940 Actual Snowmobile $ 19,420 10,660 4,400 3,170 330 5,300 $43,280 Over (Under) Budget ATV $ 28,820 21,240 4,400 920 500 6,300 $62,180
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