Required information Use the following information for the Exercises below. (Algo) [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 Snowmobile ATV $ 29,300 12,200 6,100 22,300 7,000 Snowmobile $ 21,220 12,640 6,200 ATV $ 30,800 23,220 5,280 1,080 4,970 6,200 1,160 540 7,500 720 8,100 510 7,100 $ 52,920 $ 68,500 $ 52,640 680 8,100 $ 70,160 For Year Ended December 31 Direct materials Direct labor Department manager salaries Supplies used Utilities Rent Totals $ 21,300
Required information Use the following information for the Exercises below. (Algo) [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 Snowmobile ATV $ 29,300 12,200 6,100 22,300 7,000 Snowmobile $ 21,220 12,640 6,200 ATV $ 30,800 23,220 5,280 1,080 4,970 6,200 1,160 540 7,500 720 8,100 510 7,100 $ 52,920 $ 68,500 $ 52,640 680 8,100 $ 70,160 For Year Ended December 31 Direct materials Direct labor Department manager salaries Supplies used Utilities Rent Totals $ 21,300
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Required information
Use the following information for the Exercises below. (Algo)
[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
Snowmobile
ATV
$ 29,300
12,200
6,100
22,300
7,000
Snowmobile
$ 21,220
12,640
6,200
ATV
$ 30,800
23,220
5,280
1,080
4,970
6,200
1,160
540
7,500
720
8,100
510
7,100
$ 52,920
$ 68,500
$ 52,640
680
8,100
$ 70,160
For Year Ended December 31
Direct materials
Direct labor
Department manager salaries
Supplies used
Utilities
Rent
Totals
$ 21,300
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