Required information[The following information applies to the questions displayed below.]Arctica manufactures snowmobiles and ATVs. These products aremade in different departments, and each department has its ownmanager. Each responsibility performance report includes only thosecosts that the department manager can control: direct materials,direct labor, supplies used, and utilities.BudgetAFor Year Ended December 31SnowmobileATVDirect materialsDirect laborDepartment manager salariesSupplies usedUtilitiesRentTotals$ 20,70011,600$ 28,700Snowmobile$ 20,62021,70011,9805,5006,4004,6201,0204806,9006607,500$,6004,3704506,500$ 49,800$ 65,980$ 49,520Prepare a responsibility accounting performance report for the snowmobiledepartment.Note: Under budget amounts should be indicated by a minus sign.Responsibility Accounting Performance ReportManager, Snowmobile DepartmentFor Year Ended December 31TotalsControllable CostsBudgetedActualOver (Under)Budget

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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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Renata Company has four departments: Materials, Personnel, Manufacturing, and Packaging. Information follows. Department Square Feet Asset Values Employees Materials 26 30,000 $ 9,300 Personnel 13 12,000 2,480 Manufacturing Packaging 52 66,000 37,820 39 12,000 12,400 Total 130 120,000 $ 62,000 The four departments share the following indirect expenses for supervision, utilities, and insurance according to their allocation bases. Indirect Expense Supervision Utilities Insurance Total Cost $ 82,700 Number of employees Allocation Base 52,000 Square feet occupied 23,500 Asset values $ 158,200 Allocate each of the three indirect expenses to the four departments.
Required information Use the following information for the Quick Studies below. (Algo) Rafner Manufacturing has the following budgeted data for its two production departments. Budgeted Data Overhead cost Direct labor hours Machine hours $ 1,358,900 Assembly 12,700 direct labor hours. 6,700 machine hours The departmental overhead rate for Assembly QS 17-7 (Algo) Computing departmental overhead rates LO P2 What is the Assembly department overhead rate using direct labor hours? What is the Finishing department overhead rate using machine hours? The departmental overhead rate for Finishing $ 1,068,800 Finishing 20,700 direct labor ho 16,700 machine hours
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Required information Use the following information for the Quick Studies below. (Algo) Rafner Manufacturing has the following budgeted data for its two production departments. Budgeted Data Overhead cost Direct labor hours Machine hours. Assembly 12,600 direct labor hours 5,400 machine hours Department Assembly Finishing Total $ 1,461,600 QS 17-8 (Algo) Allocating overhead with departmental rates LO P2 Allocate overhead to a job that uses 76 direct labor hours in the Assembly department and uses 62 machine hours in the Finishing department. Departmental Overhead Rate Hours Used $939,400 Finishing 19,400 direct labor hours 15,400 machine hours $ $ Overhead Allocated 0 0 0
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Please refer to the pictures for info and questions 1 and 2. See below for question 3 format. Department Departmental Overhead Rate Standard Deluxe Hours per Unit Overhead Allocated Hours per Unit Overhead Allocated Assembly Finishing Totals $0 $0
Pre-Fabricators Inc manufacturers and assembles prefabricated concrete and green heart homes for the lower to middle income housing market. There are three support departments and two production departments. The budgeted costs and the normal activity levels for each department are given below. Support Departments Production Departments Design and Personnel Fabrication & assembly Installation Concrete Green Heart Overhead costs $150,000 $3,00,000 $1,820,000 Square feet 200 3600 2,400 60,000 72,000 Number of employees 3 11 6 18 14 Material Cost $45,000 $450,000 $720,000 2,000,000 $1,800,000 Homes (estimated production) 40 60 Prime manufacturing cost per home $78,000 $62,500 The allocation bases are as follows: Design – Number of Employees, Fabrication –Square feet and Installation – Material costs. The production department allocates overhear cost to each case based on the budgeted cases…
Support department cost allocation-direct method Becker Tabletops has two support departments (Janitorial and Cafeteria) and two production departments (Cutting and Assembly). Relevant details for these departments are as follows: Support Department Janitorial Department Cafeteria Department Cost Driver Square footage to be serviced Number of employees Janitorial Department $300,000 Janitorial Department cost allocation Cafeteria Department cost allocation Cafeteria Department $170,000 4,700 2 44 8 Department costs Square feet Number of employees Allocate the support department costs to the production departments using the direct method. Cutting Department LA Cutting Department $1,500,000 2,400 21 $ Assembly Department SA Assembly Department $680,000 3,600 9 S < 11:15 PM 2/25/2024
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