Complete this question by entering your answers in the tabs below.Required ARequired BPrepare a responsibility report for the manager of the processing division. (Indicate the effect of each variance by selecting"F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).)Responsibility ReportProcessing Division ManagerFor the Month Ended May 31Controllable costsBudgetActualVariancesPaint departmentFinishing departmentOther costsTotal< Required ARequired B Campbell Corporation has four divisions: the assembly division, the processing division, the machining division, and the packingdivision. All four divisions are under the control of the vice president of manufacturing. Each division has a manager and severaldepartments that are directed by supervisors. The chain of command runs downward from vice president to division manager tosupervisor. The processing division is composed of the paint and finishing departments. The May responsibility reports for thesupervisors of these departments follow.Budgeted*ActualVariancePaint DepartmentControllable costs$ 47,400$ 46,00058,1005,200Raw materials$ 1,400 ULabor64,8004,2306,700 URepairsMaintenance970 F3,0002,820180 FTotal$112,300$119,250$ 6,950 UFinishing DepartmentControllable costs$ 32,60040,3003,410$ 34,000$ 1,400 F3,800 FRaw materialsLabor44,1003,0301,920Repairs380 UMaintenance2,370450 UTotal$ 83,050$ 78,680$ 4,370 F*Campbell uses flexible budgets for performance evaluation.Other pertinent cost data for May follow.Budgeted*ActualCost data of other divisionsAssemblyMachiningPacking$382,000292,000416,950$374,700300,400406,100Other costs associated withProcessing division managerVice president of manufacturing220,800130,000218,400136,060*Campbell uses flexible budgets for performance evaluation.Requireda. Prepare a responsibility report for the manager of the processing division.b. Prepare a responsibility report for the vice president of manufacturing.

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Description: Complete this question by entering your answers in the tabs below.Required ARequired BPrepare a responsibility report for the manager of the processing division. (Indicate the effect of each variance by selecting"F" for favorable, "U" for unfavorabl

The question is based on the concept of cost management.

Business

Accounting

Required A Required B Prepare a responsibility report for the manager of the processing division. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Responsibility Report Processing Division Manager For the Month Ended May 31 Controllable costs Budget Actual Variances Paint department Finishing department Other costs

Required A Required B Prepare a responsibility report for the manager of the processing division. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Responsibility Report Processing Division Manager For the Month Ended May 31 Controllable costs Budget Actual Variances Paint department Finishing department Other costs

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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9 part 2
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Accounting Capstone - Budget Performace Variance Report
Mailings Review View Help Tell me what you want to do AB-T A. G II M Paragraph 5 Styles Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Performance reports are prepared monthly for each department. The planning budget and flexible budget for the Production Department are based on the following formulas, where q is the number of labor-hours worked in a month: cost formulas Direct labor AaBbCcDd AaBbCcDd AaBbC AaBbCct AaB AaBbCcD AaBbCcDd Ac 1 Normal 1 No Spac... Heading 1 Heading 2 Title Subtitle Subtle Em... E $16.20q Indirect labor $4,600+ $1.50q Utilities $5,200 + $0.40q Supplies Equipment depreciation Factory rent $8,400 Property taxes $2,800 Factory administration $13,300 + $0.60q The Production Department planned to work 4,000 labor-hours in March; however, it actually worked 3,800 labor-hours during the month. Its actual costs incurred in March are listed below: Actual Cost Incurred in March Direct labor $ 63,120 Indirect labor $9,780…
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