The responsibility report is prepared by the management to reflect the sales and costs of their respective controllable segment. While preparing the responsibility report, management only considers the controllable costs. To prepare : The responsibility report.

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Answer 1

Question

Chapter 25, Problem 14E

a

To determine

Introduction:

The responsibility report is prepared by the management to reflect the sales and costs of their respective controllable segment. While preparing the responsibility report, management only considers the controllable costs.

To prepare: The responsibility report.

b

To determine

Introduction:

The management prepares a responsibility report to evaluate the efficiency in generating revenue and controlling the cost. It helps in comparing the actual and estimated controllable costs.

The analysis of responsibility report.

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please answer this with must explanation , computation , for each steps and each parts answer in text form

The Mixing Department manager of Riverbed Company is able to control all overhead costs except rent, property taxes, and salaries. Budgeted monthly overhead costs for the Mixing Department, in alphabetical order, are: Indirect labor $15,270 Property taxes $2,310 Indirect materials 8,300 Rent 2,890 Lubricants 1,650 Salaries 14,620 Maintenance 3,420 Utilities 5,010 Actual costs incurred for January 2017 are indirect labor $12,870; indirect materials $12,210; lubricants $1,790; maintenance $3,420; property taxes $2,090; rent $2,890; salaries $14,620; and utilities $7,420. (a) Prepare a responsibility report for January 2017. RIVERBED COMPANY Mixing Department Responsibility Report Controllable Costs Budget Actual Difference Favorable F Unfavorable U Neither Favorable nor Unfavorable N

Answer 2

Question

Chapter 25, Problem 14E

a

To determine

Introduction:

The responsibility report is prepared by the management to reflect the sales and costs of their respective controllable segment. While preparing the responsibility report, management only considers the controllable costs.

To prepare: The responsibility report.

b

To determine

Introduction:

The management prepares a responsibility report to evaluate the efficiency in generating revenue and controlling the cost. It helps in comparing the actual and estimated controllable costs.

The analysis of responsibility report.

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Answer 3

Question

Chapter 25, Problem 14E

a

To determine

Introduction:

The responsibility report is prepared by the management to reflect the sales and costs of their respective controllable segment. While preparing the responsibility report, management only considers the controllable costs.

To prepare: The responsibility report.

b

To determine

Introduction:

The management prepares a responsibility report to evaluate the efficiency in generating revenue and controlling the cost. It helps in comparing the actual and estimated controllable costs.

The analysis of responsibility report.

Expert Solution & Answer

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Answer 4

Question

Chapter 25, Problem 14E

a

To determine

Introduction:

The responsibility report is prepared by the management to reflect the sales and costs of their respective controllable segment. While preparing the responsibility report, management only considers the controllable costs.

To prepare: The responsibility report.

b

To determine

Introduction:

The management prepares a responsibility report to evaluate the efficiency in generating revenue and controlling the cost. It helps in comparing the actual and estimated controllable costs.

The analysis of responsibility report.

Expert Solution & Answer

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Answer 5

Chapter 25, Problem 14E

a

To determine

Introduction:

The responsibility report is prepared by the management to reflect the sales and costs of their respective controllable segment. While preparing the responsibility report, management only considers the controllable costs.

To prepare: The responsibility report.

b

To determine

Introduction:

The management prepares a responsibility report to evaluate the efficiency in generating revenue and controlling the cost. It helps in comparing the actual and estimated controllable costs.

The analysis of responsibility report.

Answer 6

Chapter 25, Problem 14E

a

To determine

Introduction:

The responsibility report is prepared by the management to reflect the sales and costs of their respective controllable segment. While preparing the responsibility report, management only considers the controllable costs.

To prepare: The responsibility report.

Answer 7

Chapter 25, Problem 14E

a

To determine

Introduction:

The responsibility report is prepared by the management to reflect the sales and costs of their respective controllable segment. While preparing the responsibility report, management only considers the controllable costs.

To prepare: The responsibility report.

Answer 8

b

To determine

Introduction:

The management prepares a responsibility report to evaluate the efficiency in generating revenue and controlling the cost. It helps in comparing the actual and estimated controllable costs.

The analysis of responsibility report.

Answer 9

b

To determine

Introduction:

The management prepares a responsibility report to evaluate the efficiency in generating revenue and controlling the cost. It helps in comparing the actual and estimated controllable costs.

The analysis of responsibility report.

Answer 10

Expert Solution & Answer

Answer 11

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Answer 12

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Answer 13

Ch. 25 - Prob. 1Q Ch. 25 - Prob. 2Q Ch. 25 - Prob. 3Q Ch. 25 - 4. Ken Bay questions the usefulness of a master...Ch. 25 - Prob. 5Q Ch. 25 - Prob. 6Q Ch. 25 - Prob. 7Q Ch. 25 - Prob. 8Q Ch. 25 - Prob. 9Q Ch. 25 - Prob. 10Q

The responsibility report is prepared by the management to reflect the sales and costs of their respective controllable segment. While preparing the responsibility report, management only considers the controllable costs. To prepare : The responsibility report.

Solution Summary: The author explains that the management prepares a responsibility report to evaluate the efficiency in generating revenue and controlling the cost.

Concept explainers

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Introduction:

The responsibility report is prepared by the management to reflect the sales and costs of their respective controllable segment. While preparing the responsibility report, management only considers the controllable costs.

To prepare: The responsibility report.

Introduction:

The management prepares a responsibility report to evaluate the efficiency in generating revenue and controlling the cost. It helps in comparing the actual and estimated controllable costs.

The analysis of responsibility report.

Want to see the full answer?

Chapter 25 Solutions

The responsibility report is prepared by the management to reflect the sales and costs of their respective controllable segment. While preparing the responsibility report, management only considers the controllable costs. To prepare : The responsibility report.

Solution Summary: The author explains that the management prepares a responsibility report to evaluate the efficiency in generating revenue and controlling the cost.

Concept explainers

Videos

Introduction: The responsibility report is prepared by the management to reflect the sales and costs of their respective controllable segment. While preparing the responsibility report, management only considers the controllable costs. To prepare: The responsibility report.

Introduction: The management prepares a responsibility report to evaluate the efficiency in generating revenue and controlling the cost. It helps in comparing the actual and estimated controllable costs. The analysis of responsibility report.

Want to see the full answer?

Chapter 25 Solutions

Introduction:

The responsibility report is prepared by the management to reflect the sales and costs of their respective controllable segment. While preparing the responsibility report, management only considers the controllable costs.

To prepare: The responsibility report.

Introduction:

The management prepares a responsibility report to evaluate the efficiency in generating revenue and controlling the cost. It helps in comparing the actual and estimated controllable costs.

The analysis of responsibility report.