Engineering Co. provided the following information for their business year ending June 30th, 2021. Plant Manager VP of Manufacturing President Controllable Expenses Budget Actual Budget Actual Budget Actual Office expense 7,110 9,830 12,570 16,440 24,100 17,210 Printing 18,960 17,630 Paging 2,390
Engineering Co. provided the following information for their business year ending June 30th, 2021. Plant Manager VP of Manufacturing President Controllable Expenses Budget Actual Budget Actual Budget Actual Office expense 7,110 9,830 12,570 16,440 24,100 17,210 Printing 18,960 17,630 Paging 2,390
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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JDC Engineering Co. provided the following information for their business year ending June 30th, 2021.
Plant Manager - Responsibility Report
VP of Manufacturing - Responsibility Report
President - Responsibility Report
| Plant Manager | VP of Manufacturing | President | ||||
|---|---|---|---|---|---|---|
| Controllable Expenses | Budget | Actual | Budget | Actual | Budget | Actual |
| Office expense | 7,110 | 9,830 | 12,570 | 16,440 | 24,100 | 17,210 |
| Printing | 18,960 | 17,630 | ||||
| Paging | 2,390 | 2,150 | ||||
| Binding | 4,660 | 4,700 | ||||
| Purchasing | 24,240 | 27,040 | ||||
| Receiving | 12,900 | 13,500 | ||||
| Inspection | 18,420 | 16,080 | ||||
| VP of Marketing | 200,600 | 163,280 | ||||
| Controller | 149,510 | 117,580 | ||||
| Treasurer | 95,920 | 72,430 | ||||
| VP of Personnel | 47,790 | 72,680 |
Prepare the responsibility accounting reports for the three levels of management--plant manager, vice president of manufacturing, and president.
Plant Manager - Responsibility Report
| Actual | Variance | |||
|---|---|---|---|---|
| Office expense | ||||
| Printing | ||||
| Paging | ||||
| Binding | ||||
| Total Controllable Cost |
VP of Manufacturing - Responsibility Report
| Budget | Actual | Variance | ||
|---|---|---|---|---|
| Office expense | ||||
| Purchasing | ||||
| Receiving | ||||
| Inspection | ||||
| Plant Manager | ||||
| Total Controllable Cost |
President - Responsibility Report
| Budget | Actual | Variance | ||
|---|---|---|---|---|
| Office expense | ||||
| VP of Marketing | ||||
| Controller | ||||
| Treasurer | ||||
| VP of Personnel | ||||
| VP of Manufacturing | ||||
| Total Controllable Cost |
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