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 controt: raw materials, wages, supplies used, and equipment depreciation. Budget ATV $28,300 $ 48,600 21,300 6,000 980 13, 300 620 7,100 $77,600 $132,120 Actual Snowmobile $20,300 11,200 5,100 4,180 6,800 440 6,500 $54,520 Snownobile $20,220 11,540 5,200 3,970 6,800 410 6,100 $54,240 Combined ATV $29,700 $ 49,920 22,120 5,200 1,020 13, 300 580 7,100 $79,020 $133, 260 Combined Raw naterials Employee wages Dept. manager salary Supplies used Depreciation-Equip. Utitities 32,500 11,100 5,160 20,100 1,060 13,600 33,660 10,400 4,990 20, 100 990 Rent 13,200 Totals Prepare a responsibility accounting report for the ATV 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 controt: raw materials, wages, supplies used, and equipment depreciation. Budget ATV $28,300 $ 48,600 21,300 6,000 980 13, 300 620 7,100 $77,600 $132,120 Actual Snowmobile $20,300 11,200 5,100 4,180 6,800 440 6,500 $54,520 Snownobile $20,220 11,540 5,200 3,970 6,800 410 6,100 $54,240 Combined ATV $29,700 $ 49,920 22,120 5,200 1,020 13, 300 580 7,100 $79,020 $133, 260 Combined Raw naterials Employee wages Dept. manager salary Supplies used Depreciation-Equip. Utitities 32,500 11,100 5,160 20,100 1,060 13,600 33,660 10,400 4,990 20, 100 990 Rent 13,200 Totals Prepare a responsibility accounting report for the ATV 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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