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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. Budget Actual Snowmobile ATV $ 28,600 Snowmobile $ 20,520 ATV $ 30,030 21,600 11,870 22,450 For Year Ended December 31 Direct materials. Direct labor Department manager salaries Supplies used Utilities Rent Totals $ 20,590 11,500 5,400 6,300 4,510 1,010 5,500 4,270 470 6,800 650 7,400 440 6,400 $ 49,270 $ 65,560 $ 49,000 Prepare a responsibility accounting performance report for the snowmobile department. Note: Under budget amounts should be indicated by a minus sign. Responsibility Accounting Performance Report Manager, Snowmobile Department For Year Ended December 31 Controllable Costs Budgeted Actual Over (Under) Budget 5,500 1,070 610 7,400 $ 67,060

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 Snowmobile ATV $ 28,600 Snowmobile $ 20,520 ATV $ 30,030 21,600 11,870 22,450 For Year Ended December 31 Direct materials. Direct labor Department manager salaries Supplies used Utilities Rent Totals $ 20,590 11,500 5,400 6,300 4,510 1,010 5,500 4,270 470 6,800 650 7,400 440 6,400 $ 49,270 $ 65,560 $ 49,000 Prepare a responsibility accounting performance report for the snowmobile department. Note: Under budget amounts should be indicated by a minus sign. Responsibility Accounting Performance Report Manager, Snowmobile Department For Year Ended December 31 Controllable Costs Budgeted Actual Over (Under) Budget 5,500 1,070 610 7,400 $ 67,060

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. Budget Actual Snowmobile ATV $ 28,600 Snowmobile $ 20,520 ATV $ 30,030 21,600 11,870 22,450 For Year Ended December 31 Direct materials. Direct labor Department manager salaries Supplies used Utilities Rent Totals $ 20,590 11,500 5,400 6,300 4,510 1,010 5,500 4,270 470 6,800 650 7,400 440 6,400 $ 49,270 $ 65,560 $ 49,000 Prepare a responsibility accounting performance report for the snowmobile department. Note: Under budget amounts should be indicated by a minus sign. Responsibility Accounting Performance Report Manager, Snowmobile Department For Year Ended December 31 Controllable Costs Budgeted Actual Over (Under) Budget 5,500 1,070 610 7,400 $ 67,060
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. Budget Actual Snowmobile ATV $ 28,600 Snowmobile $ 20,520 ATV $ 30,030 21,600 11,870 22,450 For Year Ended December 31 Direct materials. Direct labor Department manager salaries Supplies used Utilities Rent Totals $ 20,590 11,500 5,400 6,300 4,510 1,010 5,500 4,270 470 6,800 650 7,400 440 6,400 $ 49,270 $ 65,560 $ 49,000 Prepare a responsibility accounting performance report for the snowmobile department. Note: Under budget amounts should be indicated by a minus sign. Responsibility Accounting Performance Report Manager, Snowmobile Department For Year Ended December 31 Controllable Costs Budgeted Actual Over (Under) Budget 5,500 1,070 610 7,400 $ 67,060
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