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By what amount is the Motorcycle department over- or under-budgeted? I Budgeted Amount Motorcycle Actual Amount ATV Motorcycle ATV Direct materials. $ 97,000 $138,000 $ 98,500 $133,800 Direct labor..... 52,000 105,000 56,100 101,300 Department manager salaries.. 60,000 56,000 60,000 56.000 Rent..... 9,000 12,000 8,400 10.900 Supplies used 5,000 11.000 7,000 8,000 Totals.... $223,000 $322.000 $230,000 $310,000 A $12,000 under-budget B) $7,000 over-budget C) $12,000 over-budget $7,000 under-budget

By what amount is the Motorcycle department over- or under-budgeted? I Budgeted Amount Motorcycle Actual Amount ATV Motorcycle ATV Direct materials. $ 97,000 $138,000 $ 98,500 $133,800 Direct labor..... 52,000 105,000 56,100 101,300 Department manager salaries.. 60,000 56,000 60,000 56.000 Rent..... 9,000 12,000 8,400 10.900 Supplies used 5,000 11.000 7,000 8,000 Totals.... $223,000 $322.000 $230,000 $310,000 A $12,000 under-budget B) $7,000 over-budget C) $12,000 over-budget $7,000 under-budget

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter8: Budgeting
Section: Chapter Questions
Problem 8E
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By what amount is the Motorcycle department over- or under-budgeted? I Budgeted Amount Motorcycle Actual Amount ATV Motorcycle ATV Direct materials. $ 97,000 $138,000 $ 98,500 $133,800 Direct labor..... 52,000 105,000 56,100 101,300 Department manager salaries.. 60,000 56,000 60,000 56.000 Rent..... 9,000 12,000 8,400 10.900 Supplies used 5,000 11.000 7,000 8,000 Totals.... $223,000 $322.000 $230,000 $310,000 A $12,000 under-budget B) $7,000 over-budget C) $12,000 over-budget $7,000 under-budget
Transcribed Image Text:By what amount is the Motorcycle department over- or under-budgeted? I Budgeted Amount Motorcycle Actual Amount ATV Motorcycle ATV Direct materials. $ 97,000 $138,000 $ 98,500 $133,800 Direct labor..... 52,000 105,000 56,100 101,300 Department manager salaries.. 60,000 56,000 60,000 56.000 Rent..... 9,000 12,000 8,400 10.900 Supplies used 5,000 11.000 7,000 8,000 Totals.... $223,000 $322.000 $230,000 $310,000 A $12,000 under-budget B) $7,000 over-budget C) $12,000 over-budget $7,000 under-budget
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