Arctica manufactures snowmobiles and ATVS. These products are made in different departments, and each departmenthas its own manager. Each responsibility performance report includes only those costs that the department manager cancontrol: direct materials, direct labor, supplies used, and utilities.For Year Ended December 31Direct materialsDirect laborTotalsDepartment manager salariesSupplies usedUtilitiesRentTotalsBudgetSnowmobile$ 19,81010,7004,6003,630390Controllable Costs6,000$ 45,130Responsibility Accounting Performance ReportManager, ATV DepartmentFor Year Ended December 31BudgetedActualActualATV$ 27,80020,8005,5009305706,600$ 62,200 $44,840Exercise 22-2 (Algo) Responsibility accounting performance report LO P1Prepare a responsibility accounting performance report for the ATV department.Note: Under budget amounts should be indicated by a minus sign.Over (Under)BudgetSnowmobile$ 19, 72010,9984,7003,4703605,600ATV$ 29,15021,5704,7009705306,600$ 63,520

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 Totals Department manager salaries Supplies used Utilities Rent Totals Budget Snowmobile $ 19,810 10,700 4,600 3,630 390 6,000 $ 45,130 Controllable Costs Responsibility Accounting Performance Report Manager, ATV Department For Year Ended December 31 Budgeted Actual Actual ATV $ 27,800 20,800 5,500 930 570 6,600 $ 62,200 $ 44,840 Exercise 22-2 (Algo) Responsibility accounting performance report LO P1 Prepare a responsibility accounting performance report for the ATV department. Note: Under budget amounts should be indicated by a minus sign. Over (Under) Budget Snowmobile $ 19, 720 10,998 4,700 3,470 360 5,600 ATV $ 29,150 21,570 4,700 970 530 6,600 $ 63,520

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 Totals Department manager salaries Supplies used Utilities Rent Totals Budget Snowmobile $ 19,810 10,700 4,600 3,630 390 6,000 $ 45,130 Controllable Costs Responsibility Accounting Performance Report Manager, ATV Department For Year Ended December 31 Budgeted Actual Actual ATV $ 27,800 20,800 5,500 930 570 6,600 $ 62,200 $ 44,840 Exercise 22-2 (Algo) Responsibility accounting performance report LO P1 Prepare a responsibility accounting performance report for the ATV department. Note: Under budget amounts should be indicated by a minus sign. Over (Under) Budget Snowmobile $ 19, 720 10,998 4,700 3,470 360 5,600 ATV $ 29,150 21,570 4,700 970 530 6,600 $ 63,520

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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