By what amount is the Motorcycle department over- or under-budgeted?IBudgeted AmountMotorcycleActual AmountATVMotorcycleATVDirect materials.$ 97,000 $138,000$ 98,500$133,800Direct labor.....52,000105,00056,100101,300Department manager salaries..60,00056,00060,00056.000Rent.....9,00012,0008,40010.900Supplies used5,00011.0007,0008,000Totals....$223,000$322.000$230,000$310,000A $12,000 under-budgetB) $7,000 over-budgetC) $12,000 over-budget$7,000 under-budget

Step 1: Calculate the difference between the budgeted and actual amounts for each line item:Direct…

Answered: By what amount is the Motorcycle…

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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A partial responsibility accounting report for a cost center is below. The value of letter (c) would be: Over (Under) Budget Controllable Costs Budgeted Actual Direct materials.... $52,800 $ a Direct labor....... 24,000 26,000 Utilities 19,200 C Totals... $96,000 $96,600 A $19,000 B $19,400 C) $54,000 D) $2,000 E None of the above $(1,200) b (200) $ 600
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Westmore Company has two service departments and two operating departments. Budgeted costs and other data relating to these departments are presented below:Building Operating Department& Grounds Personnel A BDepartmental costs ..... $54,000 $200,000 $650,000 $800,000Square feet occupied ... 1,000 3,000 12,000 15,000Number of employees .... 10 5 45 55Direct laborhours ..... 76,000 92,000The costs of Building & Grounds are allocated first on the basis of square feet of space occupied. Personnel costs are allocated on the basis of numberof employees. The departmental costs for the operating departments are overhead costs. Predetermined overhead rates in the operating departments are computed on the basis of direct laborhours.Assume that the company uses the direct method of allocating service department costs. The predetermined overhead rate that would be used in Department B would be closest to:a. $11.50/DLH.b. $12.00/DLH.c. $10.00/DLH.d. $10.22/DLH.
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The Culver Division operates as a profit center. It reports the following for the year ending December 31, 2022. Sales Variable costs Controllable fixed costs Noncontrollable fixed costs Budgeted $2,320,000 V 928,000 458,000 290,000 $ Actual tA $2,192,400 881,600 Prepare a responsibility report for the Culver Division at December 31, 2022. 458,000 290,000 Budget $ tA $ CULVER DIVISION Responsibility Report Actual $ LA Difi Fa Unfa Neithel nor Ur
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+ I/ MI * 00 HI ( (O 因 %#3 Chapter 11 & 13 Review G Saved Help Save & Exit Subr Palace Company has two service departments and two user departments. The number of employees in each department is: Personnel Cafeteria 25 Producing Department A Producing Department B 067 255 580 The fixed costs of the Personnel Department are allocated on a basis of the number of employees. If these costs are budgeted at $96,280 during a given period, the amount of cost allocated to the Cafeteria under the step method would be: Multiple Choice 10:25 P nere to search 4/26/202 PrtSc Delete F8 F10 F11 F12 Ins +D 65 区 F5 F4 & %23 5. 80 4. D G Alt Ctrl Alt
ycconuu bou 25.SA (LO 4) Optimus Company manufactures a variety of tools and industrial equipment. The com- any operates through three divisions. Each division is an investment center. Operating data for the ome Division for the year ended December 31, 2020, and relevant budget data are as follows. Dob Actual Comparison with Budget $1,400,000 665,000 125,000 170,000 $100,000 favorable 45,000 unfavorable 25,000 unfavorable On target Sales Variable cost of goods sold Variable selling and administrative expenses Controllable fixed cost of goods sold Controllable fixed selling and administrative On target expenses Average operating assets for the year for the Home Division were $2,000,000 which was also the bud- geted amount. Instructions a. Prepare a responsibility report (in thousands of dollars) for the Home Division. b. Evaluate the manager's performance. Which items will likely be investigated by top management? c. Compute the expected ROI in 2020 for the Home Division, assuming the…

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