Homework Help is Here – Start Your Trial Now!
Business
Accounting
Required information [The following information applies to the questions displayed below] Arctica manufactures snowmobiles and ATVs. These products are made in different departments, and each department has its own manager. Each responsibility performance report includes only those costs that the department manager can control: direct materials, direct labor, supplies used, and utilities. For Year Ended December 31 Direct materials Direct labor Department manager salaries Supplies used Utilities Rent Totals Controllable Costs Direct materials Direct labor Supplies used Budget Snowmobile $ 19,500 10,400 4.300 3,300 360 5,700 $ 43,560 47,000 S 30,900x 4,200 x Responsibility Accounting Performance Report Manager, Snowmobile Department For Year Ended December 31 Budgeted ATV $ 27,500 20,500 5,200 Answer is complete but not entirely correct. Actual 900 540 6,300 $ 60,940 Prepare a responsibility accounting performance report for the snowmobile department. (Under budget amounts should be indicat by a minus sign.) Snowmobile $ 19,420 10,660 4,400 3,170 330 5,300 $ 43,280 Over (Under) Budget 48,240 S 31,900x 4,090 Actual 1,240 X 1,000 X (110) x ATV $28,820 21,240 4,400 920 500 6,300 $ 62,180

Required information [The following information applies to the questions displayed below] Arctica manufactures snowmobiles and ATVs. These products are made in different departments, and each department has its own manager. Each responsibility performance report includes only those costs that the department manager can control: direct materials, direct labor, supplies used, and utilities. For Year Ended December 31 Direct materials Direct labor Department manager salaries Supplies used Utilities Rent Totals Controllable Costs Direct materials Direct labor Supplies used Budget Snowmobile $ 19,500 10,400 4.300 3,300 360 5,700 $ 43,560 47,000 S 30,900x 4,200 x Responsibility Accounting Performance Report Manager, Snowmobile Department For Year Ended December 31 Budgeted ATV $ 27,500 20,500 5,200 Answer is complete but not entirely correct. Actual 900 540 6,300 $ 60,940 Prepare a responsibility accounting performance report for the snowmobile department. (Under budget amounts should be indicat by a minus sign.) Snowmobile $ 19,420 10,660 4,400 3,170 330 5,300 $ 43,280 Over (Under) Budget 48,240 S 31,900x 4,090 Actual 1,240 X 1,000 X (110) x ATV $28,820 21,240 4,400 920 500 6,300 $ 62,180

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
Question
100%

Nn.103.

Subject  :- Account

Required information [The following information applies to the questions displayed below] Arctica manufactures snowmobiles and ATVs. These products are made in different departments, and each department has its own manager. Each responsibility performance report includes only those costs that the department manager can control: direct materials, direct labor, supplies used, and utilities. For Year Ended December 31 Direct materials Direct labor Department manager salaries Supplies used Utilities Rent Totals Controllable Costs Direct materials Direct labor Supplies used Utilities Totals $ Prepare a responsibility accounting performance report for the snowmobile department. (Under budget amounts should be indicated by a minus sign.) Responsibility Accounting Performance Report Manager, Snowmobile Department For Year Ended December 31 Budgeted $ Answer is complete but not entirely correct. 47,000 $ 30,900x 4,200 900 x Snowmobile $ 19,500 10,400 4.300 3,300 360 5,700 $ 43,560 83,000 Budget $ Actual " ATV $ 27,500 20,500 5,200 900 540 6,300 $ 60,940 4,090x 830 x 48,240 S 31,900 X 85,060 Snowmobile $ 19,420 10,660 4,400 3,170 330 5,300 $ 43,280 Actual Over (Under) Budget 1,240x 1,000 X (110) (70) 2,060 ATV $28,820 21,240 4,400 920 -500 6,300 $ 62,180
Transcribed Image Text:Required information [The following information applies to the questions displayed below] Arctica manufactures snowmobiles and ATVs. These products are made in different departments, and each department has its own manager. Each responsibility performance report includes only those costs that the department manager can control: direct materials, direct labor, supplies used, and utilities. For Year Ended December 31 Direct materials Direct labor Department manager salaries Supplies used Utilities Rent Totals Controllable Costs Direct materials Direct labor Supplies used Utilities Totals $ Prepare a responsibility accounting performance report for the snowmobile department. (Under budget amounts should be indicated by a minus sign.) Responsibility Accounting Performance Report Manager, Snowmobile Department For Year Ended December 31 Budgeted $ Answer is complete but not entirely correct. 47,000 $ 30,900x 4,200 900 x Snowmobile $ 19,500 10,400 4.300 3,300 360 5,700 $ 43,560 83,000 Budget $ Actual " ATV $ 27,500 20,500 5,200 900 540 6,300 $ 60,940 4,090x 830 x 48,240 S 31,900 X 85,060 Snowmobile $ 19,420 10,660 4,400 3,170 330 5,300 $ 43,280 Actual Over (Under) Budget 1,240x 1,000 X (110) (70) 2,060 ATV $28,820 21,240 4,400 920 -500 6,300 $ 62,180
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Cost allocation
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