!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 departmenthas its own manager. Each responsibility performance report includes only those costs that the department manager cancontrol: direct materials, direct labor, supplies used, and utilities.For Year Ended December 31Direct materialsDirect laborDepartment manager salariesSupplies usedUtilitiesRentTotalsBudgetActualSnowmobileATV$ 21,41012,3006,200$ 29,40022,4007,100Snowmobile$ 21,32012,750ATV$ 30,91023,3306,3005,3901,0905507,6007308,2005,0705207,200$ 53,450$ 68,920$ 53,1606,3001,1406908,200$ 70,570Prepare a responsibility accounting performance report for the snowmobile department.Note: Under budget amounts should be indicated by a minus sign.Responsibility Accounting Performance ReportManager, Snowmobile DepartmentFor Year Ended December 31TotalsControllable CostsBudgetedActualOver (Under)Budget

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. Budget Actual For Year Ended December 31 Snowmobile Direct materials Direct labor Department manager salaries Supplies used Utilities Rent $ 21,410 12,300 6,200 5,390 550 7,600 ATV $ 29,400 Snowmobile ATV $ 21,320 $ 30,910 22,400 7,100 12,750 6,300 23,330 1,090 5,070 730 8,200 520 7,200 Totals $ 53,450 $ 68,920 $ 53,160 6,300 1,140 690 8,200 $ 70,570 Prepare a responsibility accounting performance report for the snowmobile department. Note: Under budget amounts should be indicated by a minus sign.

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. Budget Actual For Year Ended December 31 Snowmobile Direct materials Direct labor Department manager salaries Supplies used Utilities Rent $ 21,410 12,300 6,200 5,390 550 7,600 ATV $ 29,400 Snowmobile ATV $ 21,320 $ 30,910 22,400 7,100 12,750 6,300 23,330 1,090 5,070 730 8,200 520 7,200 Totals $ 53,450 $ 68,920 $ 53,160 6,300 1,140 690 8,200 $ 70,570 Prepare a responsibility accounting performance report for the snowmobile department. Note: Under budget amounts should be indicated by a minus sign.

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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