The plant manager of the Ohio factory is responsible for two cost centers: Clothing and Shoes. Resp- the Ohio factory (incomplete) and for the Shoes department (complete) follow. Manager, Shoes Department Controllable Costs Direct materials Direct labor Supplies used Totals Budgeted. $ 32,400 16,400 8,200 $ 57,000 Actual $ 31,100 17,200 10,320 $ 58,620 Over (Under) Budget $ (1,300) 800 2,120 $ 1,620

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
icon
Concept explainers
Topic Video
Question
Don't provide answers in image format
The plant manager of the Ohio factory is responsible for two cost centers: Clothing and Shoes. Responsibility accounting reports for
the Ohio factory (incomplete) and for the Shoes department (complete) follow.
Manager, Shoes Department
Controllable Costs i
Direct materials
Direct labor
Supplies used
Totals
Plant Manager, Ohio Factory
Controllable Costs
Salaries, department managers
Rent
Budgeted
$ 32,400
16,400
8,200
$ 57,000
Complete the report for the Ohio factory by determining the missing items.
Note: Enter under-budget amounts with a minus sign.
Insurance
Clothing department
Shoes department
Totals
Budgeted
$
Actual
$ 31,100
17,200
10,320
$ 58,620
$
20,000 $
8,500
2,200
40,000 .
127,700 $
Over (Under)
Budget
$ (1,300)
800
2,120
$1,620
Actual
Over (Under) Budget
20,000 $
8,500
2,400
38,900
128,420 $
0
0
720
Transcribed Image Text:The plant manager of the Ohio factory is responsible for two cost centers: Clothing and Shoes. Responsibility accounting reports for the Ohio factory (incomplete) and for the Shoes department (complete) follow. Manager, Shoes Department Controllable Costs i Direct materials Direct labor Supplies used Totals Plant Manager, Ohio Factory Controllable Costs Salaries, department managers Rent Budgeted $ 32,400 16,400 8,200 $ 57,000 Complete the report for the Ohio factory by determining the missing items. Note: Enter under-budget amounts with a minus sign. Insurance Clothing department Shoes department Totals Budgeted $ Actual $ 31,100 17,200 10,320 $ 58,620 $ 20,000 $ 8,500 2,200 40,000 . 127,700 $ Over (Under) Budget $ (1,300) 800 2,120 $1,620 Actual Over (Under) Budget 20,000 $ 8,500 2,400 38,900 128,420 $ 0 0 720
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Costing Systems
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