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.BudgetActualFor Year Ended December 31Direct materialsDirect laborDepartment manager salariesSnowmobile$ 19,61010,500ATV$ 27,600Snowmobile$ 19,520ATV$ 28,9304,40020,6005,30010,77021,3504,500Supplies usedUtilitiesRent3,4103705,8009105506,4003,2703405,4004,5009405106,400Totals$ 44,090$ 61,360$ 43,800$ 62,630Exercise 24-1 (Algo) Responsibility accounting performance report LO P1Prepare a responsibility accounting performance report for the snowmobile department.Note: Under budget amounts should be indicated by a minus sign.Responsibility Accounting Performance ReportControllable CostsManager, Snowmobile DepartmentFor Year Ended December 31BudgetedOver (Under)ActualBudgetTotals$000

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 Budget Actual Snowmobile $ 19,610 10,500 4,400 ATV $ 27,600 Snowmobile $ 19,520 ATV $ 28,930 3,410 20,600 5,300 910 10,770 4,500 21,350 370 5,800 $ 44,090 550 6,400 3,270 340 4,500 940 510 5,400 6,400 $ 61,360 $ 43,800 $ 62,630

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 Budget Actual Snowmobile $ 19,610 10,500 4,400 ATV $ 27,600 Snowmobile $ 19,520 ATV $ 28,930 3,410 20,600 5,300 910 10,770 4,500 21,350 370 5,800 $ 44,090 550 6,400 3,270 340 4,500 940 510 5,400 6,400 $ 61,360 $ 43,800 $ 62,630

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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Nn.103. Subject :- Account