Homework Help is Here – Start Your Trial Now!
Business
Accounting
Prepare responsibility accounting performance reports that list controllable costs. In each report, include the budgeted and actual costs and show the amount that each actual cost is over or under the budgeted amount for manager of Indiana plant. Note: Under budget amounts should be indicated by a minus sign. Responsibility Accounting Performance Report Plant Manager, Indiana Plant For Year Ended December 31 Controllable Costs S Budgeted Actual Over (Under) Budget

Prepare responsibility accounting performance reports that list controllable costs. In each report, include the budgeted and actual costs and show the amount that each actual cost is over or under the budgeted amount for manager of Indiana plant. Note: Under budget amounts should be indicated by a minus sign. Responsibility Accounting Performance Report Plant Manager, Indiana Plant For Year Ended December 31 Controllable Costs S Budgeted Actual Over (Under) Budget

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
icon
Concept explainers
Question
Please don't give image format
Required 1 Required 2 Required 3 Prepare responsibility accounting performance reports that list controllable costs. In each report, include the budgeted and actual costs and show the amount that each actual cost is over or under the budgeted amount for manager of Trailer department. Note: Under budget amounts should be indicated by a minus sign. Totals Responsibility Accounting Performance Report Manager, Trailer Department For Year Ended December 31 Budgeted Controllable Costs Show Transcribed Text Required 1 Required 2 Required 3 Totals Actual < Required 1 Controllable Costs Responsibility Accounting Performance Report Plant Manager, Indiana Plant For Year Ended December 31 Budgeted Prepare responsibility accounting performance reports that list controllable costs. In each report, include the budgeted and actual costs and show the amount that each actual cost is over or under the budgeted amount for manager of Indiana plant. Note: Under budget amounts should be indicated by a minus sign. Over (Under) Budget Actual < Required 2 Required 3 > c Over (Under) Budget Show less A Required 3 >
Transcribed Image Text:Required 1 Required 2 Required 3 Prepare responsibility accounting performance reports that list controllable costs. In each report, include the budgeted and actual costs and show the amount that each actual cost is over or under the budgeted amount for manager of Trailer department. Note: Under budget amounts should be indicated by a minus sign. Totals Responsibility Accounting Performance Report Manager, Trailer Department For Year Ended December 31 Budgeted Controllable Costs Show Transcribed Text Required 1 Required 2 Required 3 Totals Actual < Required 1 Controllable Costs Responsibility Accounting Performance Report Plant Manager, Indiana Plant For Year Ended December 31 Budgeted Prepare responsibility accounting performance reports that list controllable costs. In each report, include the budgeted and actual costs and show the amount that each actual cost is over or under the budgeted amount for manager of Indiana plant. Note: Under budget amounts should be indicated by a minus sign. Over (Under) Budget Actual < Required 2 Required 3 > c Over (Under) Budget Show less A Required 3 >
Ana Perez is the plant manager of Travel Free's Indiana plant. The Camper and Traller operating departments manufacture products and have their own managers. The Office department, which Perez also manages, provides services equally to the two operating departments. Each performance report includes only those costs that a particular operating department manager can control direct materials, direct labor, supplies used, and utilities. The plant manager is responsible for the department managers' salaries, building rent, office salaries other than her own, and other office costs plus all costs controlled by the two operating department managers. The annual departmental budgets and actual costs for the two operating departments follow. For Year Ended December 31 Direct materials Direct labor Department manager salaries Supplies used Utilities Building rent office department costs Totals Por Year Ended December 31 Plant manager salary Other office salaries Other office costs Totals Show Transcribed Text Budgeted Trailers Campers $ 196,100 $ 275,400 205,800 The Office department's budgeted and actual costs follow. Controllable Costs Totals 104,150 43,600 3,400 3,800 6,600 65,750 $ 423,400 Budgeted $ 79,000 42,500 10,000 $ 131,500 52,600 9,000 5,800 9,200 65,750 $ 623,550 Actual $ 98,000 26,400 22,700 $ 147,100 Responcibility Accounting Performance Report Manager, Camper Department For the Year Ended December 31 Actual Budgeted C. Required 1 Actual Campers $ 194,500 Required 1 Required 2 Required 3 Prepare responsibility accounting performance reports that list controllabie costs. In each report, include the budgeted and actual costs and show the amount that each actual cost is over or under the budgeted amount for manager of Camper department. Note: Under budget amounts should be indicated by a minus sign. 107,600 44,200 4,000 3,600 5,400 73,550 $ 432,850 Over (Under) Budget Trailers $ 273,400 206,400 53,500 8,700 5,600 8,800 73,550 $ 629,950 Required 2 >
Transcribed Image Text:Ana Perez is the plant manager of Travel Free's Indiana plant. The Camper and Traller operating departments manufacture products and have their own managers. The Office department, which Perez also manages, provides services equally to the two operating departments. Each performance report includes only those costs that a particular operating department manager can control direct materials, direct labor, supplies used, and utilities. The plant manager is responsible for the department managers' salaries, building rent, office salaries other than her own, and other office costs plus all costs controlled by the two operating department managers. The annual departmental budgets and actual costs for the two operating departments follow. For Year Ended December 31 Direct materials Direct labor Department manager salaries Supplies used Utilities Building rent office department costs Totals Por Year Ended December 31 Plant manager salary Other office salaries Other office costs Totals Show Transcribed Text Budgeted Trailers Campers $ 196,100 $ 275,400 205,800 The Office department's budgeted and actual costs follow. Controllable Costs Totals 104,150 43,600 3,400 3,800 6,600 65,750 $ 423,400 Budgeted $ 79,000 42,500 10,000 $ 131,500 52,600 9,000 5,800 9,200 65,750 $ 623,550 Actual $ 98,000 26,400 22,700 $ 147,100 Responcibility Accounting Performance Report Manager, Camper Department For the Year Ended December 31 Actual Budgeted C. Required 1 Actual Campers $ 194,500 Required 1 Required 2 Required 3 Prepare responsibility accounting performance reports that list controllabie costs. In each report, include the budgeted and actual costs and show the amount that each actual cost is over or under the budgeted amount for manager of Camper department. Note: Under budget amounts should be indicated by a minus sign. 107,600 44,200 4,000 3,600 5,400 73,550 $ 432,850 Over (Under) Budget Trailers $ 273,400 206,400 53,500 8,700 5,600 8,800 73,550 $ 629,950 Required 2 >
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 5 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Budgeting
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS