Pronghorn Company's organization chart includes the president; the vice president of production; three assembly factories- Atlanta, and Tucson; and two departments within each factory-Machining and Finishing. Budget and actual manufacturing for July 2022 are as follows. Finishing Department-Dallas: direct materials $44,200 actual, $45,760 budget; direct labor $86,736 actual, $85,280 budget manufacturing overhead $53,040 actual, $51,168 budget. Machining Department-Dallas: total manufacturing costs $228,800 actual, $227,760 budget. Atlanta factory: total manufacturing costs $440,960 actual, $436,800 budget. Tucson factory: total manufacturing costs $513,968 actual, $516,360 budget. The Dallas factory manager's office costs were $98,800 actual and $95,680 budget. The vice president of production's offic

Pronghorn Company's organization chart includes the president; the vice president of production; three assembly factories- Atlanta, and Tucson; and two departments within each factory-Machining and Finishing. Budget and actual manufacturing for July 2022 are as follows. Finishing Department-Dallas: direct materials $44,200 actual, $45,760 budget; direct labor $86,736 actual, $85,280 budget manufacturing overhead $53,040 actual, $51,168 budget. Machining Department-Dallas: total manufacturing costs $228,800 actual, $227,760 budget. Atlanta factory: total manufacturing costs $440,960 actual, $436,800 budget. Tucson factory: total manufacturing costs $513,968 actual, $516,360 budget. The Dallas factory manager's office costs were $98,800 actual and $95,680 budget. The vice president of production's offic

FINANCIAL ACCOUNTING

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Chapter1: Financial Statements And Business Decisions

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Concept explainers

Master Budget

A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.

Sales Budget and Selling

A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.

Question

100%

Pronghorn Company's organization chart includes the president; the vice president of production; three assembly factories-Dallas,
Atlanta, and Tucson; and two departments within each factory-Machining and Finishing. Budget and actual manufacturing cost data
for July 2022 are as follows.
Finishing Department-Dallas: direct materials $44,200 actual, $45,760 budget; direct labor $86,736 actual, $85,280 budget;
manufacturing overhead $53,040 actual, $51,168 budget.
Machining Department-Dallas: total manufacturing costs $228,800 actual, $227,760 budget.
Atlanta factory: total manufacturing costs $440,960 actual, $436,800 budget.
Tucson factory: total manufacturing costs $513,968 actual, $516,360 budget.
The Dallas factory manager's office costs were $98,800 actual and $95,680 budget. The vice president of production's office costs
were $137,280 actual and $135,200 budget. Office costs are not allocated to departments and factories.
(a)
Prepare the reports in a responsibility system for: The Finishing Department-Dallas.
To Dallas Department
Manager-Finishing
Controllable Costs:
Total
$
$
Budget
$
$
Actual
$
$

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