Explanation Responsibility Report: The report which records the activity assigned to each department units is called as responsibility report. It includes budgeted, actual and difference values of costs, revenues and resources that are assigned and controlled by a responsibility manager. Cost of material is an expense for the company. In the given case indirect material have favorable balance as the actual cost of direct material is less than the budgeted cost. Cost of indirect labor is an expense for the company. In the given case indirect labor have unfavorable balance as the actual cost of direct labor is more than the budgeted cost. Cost of utilities is an expense for the company. In the given case utilities have unfavorable balance as the actual cost utilities are more than the budgeted cost. Cost of supervision being fixed expense for the company remains same at both the levels. The total manufacturing overhead shows favorable balance as the actual cost is less than the budgeted cost. Thus, the responsibility report for the month ended April 30, 2017 is as follows: Company H Manufacturing Overhead Cost Responsibility Report For the month ended April 30,2017 Particulars Budget ($) Actual ($) Difference ($) Favorable-F Unfavorable-U Indirect materials 16,000 14,300 1,700 ...

Accounting, Binder Ready Version: Tools for Business Decision Making - Standalone book

6th Edition

ISBN: 9781119191674

Author: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

Publisher: WILEY

See similar textbooks

Question

Chapter 22, Problem 6BE

To determine

Prepare a responsibility report for April.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Chapter 22, Problem 5BE

Chapter 22, Problem 7BE

Students have asked these similar questions

Q.N. 64 FINANCIAL ACCOUNTING 3.23.21

Hii, Tutor Give Answer to this problem

Quick answer of this accounting questions

Chapter 22 Solutions

Accounting, Binder Ready Version: Tools for Business Decision Making - Standalone book

Ch. 22 - Prob. 1Q Ch. 22 - Prob. 2Q Ch. 22 - Prob. 3Q Ch. 22 - Prob. 4Q Ch. 22 - Prob. 5Q Ch. 22 - Prob. 6Q Ch. 22 - Prob. 7Q Ch. 22 - Prob. 8Q Ch. 22 - Prob. 9Q Ch. 22 - Prob. 10Q

Ch. 22 - Prob. 11Q Ch. 22 - Prob. 12Q Ch. 22 - Prob. 13Q Ch. 22 - Prob. 14Q Ch. 22 - Prob. 15Q Ch. 22 - Prob. 16Q Ch. 22 - Prob. 17Q Ch. 22 - Prob. 18Q Ch. 22 - Prob. 19Q Ch. 22 - Prob. 20Q Ch. 22 - Prob. 21Q Ch. 22 - Prob. 22Q Ch. 22 - Prob. 23Q Ch. 22 - Prob. 24Q Ch. 22 - Prob. 25Q Ch. 22 - Prob. 26Q Ch. 22 - Prob. 1BE Ch. 22 - Prob. 2BE Ch. 22 - Prob. 3BE Ch. 22 - Prob. 4BE Ch. 22 - Prob. 5BE Ch. 22 - Prob. 6BE Ch. 22 - Prob. 7BE Ch. 22 - Prob. 8BE Ch. 22 - Prob. 9BE Ch. 22 - Prob. 10BE Ch. 22 - Prob. 11BE Ch. 22 - Prob. 12BE Ch. 22 - Prob. 1DIE Ch. 22 - Prob. 2DIE Ch. 22 - Prob. 3DIE Ch. 22 - Prob. 4DIE Ch. 22 - Prob. 1E Ch. 22 - Prob. 2E Ch. 22 - Prob. 3E Ch. 22 - Prob. 4E Ch. 22 - Prob. 5E Ch. 22 - Prob. 6E Ch. 22 - Prob. 7E Ch. 22 - Prob. 8E Ch. 22 - Prob. 9E Ch. 22 - Prob. 10E Ch. 22 - Prob. 11E Ch. 22 - Prob. 12E Ch. 22 - Prob. 13E Ch. 22 - Prob. 14E Ch. 22 - Prob. 15E Ch. 22 - Prob. 16E Ch. 22 - Prob. 17E Ch. 22 - Prob. 18E Ch. 22 - Prob. 19E Ch. 22 - Prob. 20E Ch. 22 - Prob. 21E Ch. 22 - Prob. 1AP Ch. 22 - Prob. 2AP Ch. 22 - Prob. 3AP Ch. 22 - Prob. 4AP Ch. 22 - Prob. 5AP Ch. 22 - Prob. 6AP Ch. 22 - Prob. 7AP Ch. 22 - Prob. 22CD Ch. 22 - Prob. 1EYCT Ch. 22 - Prob. 2EYCT Ch. 22 - Prob. 3EYCT Ch. 22 - Prob. 5EYCT Ch. 22 - Prob. 6EYCT Ch. 22 - Prob. 8EYCT

Knowledge Booster

Similar questions

SEE MORE QUESTIONS

Recommended textbooks for you

FINANCIAL ACCOUNTING
Accounting
ISBN:9781259964947
Author:Libby
Publisher:MCG
Accounting
Accounting
ISBN:9781337272094
Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:Cengage Learning,
Accounting Information Systems
Accounting
ISBN:9781337619202
Author:Hall, James A.
Publisher:Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis...
Accounting
ISBN:9780134475585
Author:Srikant M. Datar, Madhav V. Rajan
Publisher:PEARSON
Intermediate Accounting
Accounting
ISBN:9781259722660
Author:J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:9781259726705
Author:John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:McGraw-Hill Education