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. Totals For Year Ended December 31 Direct materials. Direct labor Department manager salaries Supplies used Utilities. Rent Totals Direct labor Direct materials Utilities Supplies used Controllable Costs Budget Snowmobile $ 20,590 11,500 5,400 4,510 470 6,800 $ 49,270 Prepare a responsibility accounting performance report for the snowmobile department. Note: Under budget amounts should be indicated by a minus sign. Responsibility Accounting Performance Report Manager, Snowmobile Department For Year Ended December 31 Budgeted $ 0 $ ATV $ 28,600 21,600 6,300 1,010 650 7,400 $ 65,560 Actual 0 $ Snowmobile $ 20,520 11,870 5,500 4,270 440 6,400 $ 49,000 Actual Over (Under) Budget 0 ATV $ 30,030 22,450 5,500 1,070 610 7,400 $ 67,060
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. Totals For Year Ended December 31 Direct materials. Direct labor Department manager salaries Supplies used Utilities. Rent Totals Direct labor Direct materials Utilities Supplies used Controllable Costs Budget Snowmobile $ 20,590 11,500 5,400 4,510 470 6,800 $ 49,270 Prepare a responsibility accounting performance report for the snowmobile department. Note: Under budget amounts should be indicated by a minus sign. Responsibility Accounting Performance Report Manager, Snowmobile Department For Year Ended December 31 Budgeted $ 0 $ ATV $ 28,600 21,600 6,300 1,010 650 7,400 $ 65,560 Actual 0 $ Snowmobile $ 20,520 11,870 5,500 4,270 440 6,400 $ 49,000 Actual Over (Under) Budget 0 ATV $ 30,030 22,450 5,500 1,070 610 7,400 $ 67,060
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please answer with working for this problem and with steps explanation calculation formula answer in text need complete and correct answer for better understanding
![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.
Totals
For Year Ended December 31
Direct materials.
Direct labor
Department manager salaries
Supplies used
Utilities.
Rent
Totals
Direct labor
Direct materials
Utilities
Supplies used
Controllable Costs
Budget
Snowmobile
$ 20,590
11,500
5,400
4,510
470
6,800
$ 49,270
Prepare a responsibility accounting performance report for the snowmobile department.
Note: Under budget amounts should be indicated by a minus sign.
Responsibility Accounting Performance Report
Manager, Snowmobile Department
For Year Ended December 31
Budgeted
$
0 $
ATV
$ 28,600
21,600
6,300
1,010
650
7,400
$ 65,560
Actual
0 $
Snowmobile
$ 20,520
11,870
5,500
4,270
440
6,400
$ 49,000
Actual
Over (Under)
Budget
0
ATV
$ 30,030
22,450
5,500
1,070
610
7,400
$ 67,060](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F751eefad-94aa-4662-b76b-aea464c52065%2Ff5ddd4a3-a092-4ba3-bd3a-03816f0406a0%2Fnfq9085_processed.jpeg&w=3840&q=75)
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.
Totals
For Year Ended December 31
Direct materials.
Direct labor
Department manager salaries
Supplies used
Utilities.
Rent
Totals
Direct labor
Direct materials
Utilities
Supplies used
Controllable Costs
Budget
Snowmobile
$ 20,590
11,500
5,400
4,510
470
6,800
$ 49,270
Prepare a responsibility accounting performance report for the snowmobile department.
Note: Under budget amounts should be indicated by a minus sign.
Responsibility Accounting Performance Report
Manager, Snowmobile Department
For Year Ended December 31
Budgeted
$
0 $
ATV
$ 28,600
21,600
6,300
1,010
650
7,400
$ 65,560
Actual
0 $
Snowmobile
$ 20,520
11,870
5,500
4,270
440
6,400
$ 49,000
Actual
Over (Under)
Budget
0
ATV
$ 30,030
22,450
5,500
1,070
610
7,400
$ 67,060
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