! Required information [The following information applies to the questions displayed below.] Arctica manufactures snowmobiles and...
Fantastic news! We've Found the answer you've been seeking!
Question:
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. For Year Ended December 31 Direct materials Direct labor Department manager salaries Supplies used Utilities Rent Totals Budget Actual Snowmobile $ 20,970 11,900 ATV $ 29,000 22,000 Snowmobile $ 20,920 ATV $ 30,470 12,310 22,890 5,800 6,700 5,900 4,950 1,050 4,670 510 7,200 690 7,800 480 6,800 $ 51,330 $ 67,240 $ 51,080 5,900 1,090 650 7,800 $ 68,800 Prepare a responsibility accounting performance report for the snowmobile department. Note: Under budget amounts should be indicated by a minus sign. Totals Responsibility Accounting Performance Report Manager, Snowmobile Department For Year Ended December 31 Controllable Costs Budgeted Over (Under) Actual Budget ! 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. For Year Ended December 31 Direct materials Direct labor Department manager salaries Supplies used Utilities Rent Totals Budget Actual Snowmobile $ 20,970 11,900 ATV $ 29,000 22,000 Snowmobile $ 20,920 ATV $ 30,470 12,310 22,890 5,800 6,700 5,900 4,950 1,050 4,670 510 7,200 690 7,800 480 6,800 $ 51,330 $ 67,240 $ 51,080 5,900 1,090 650 7,800 $ 68,800 Prepare a responsibility accounting performance report for the snowmobile department. Note: Under budget amounts should be indicated by a minus sign. Totals Responsibility Accounting Performance Report Manager, Snowmobile Department For Year Ended December 31 Controllable Costs Budgeted Over (Under) Actual Budget
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
Use the formula A= P(1+) to find the total amount of money accumulated for an initial investment $600 at 8% compounded semiannually after 7 years. Round to the nearest cent (in dollars and cents)....
-
Use the financial information for Wal-Mart Stores, Inc., given on page 379, to answer the following questions: 1. For the most recent year given, compute Wal-Marts average collection period. 2. For...
-
The owner of a downtown parking lot has employed a civil engineering consulting firm to advise him on the economic feasibility of constructing an office building on the site. Bill Samuels, a newly...
-
Some members of the financial community allege that corporate managers manage their companys reported accounting results. Discuss the possible motivations behind this behavior.Can you envision a...
-
You are provided with the following transactions that took place during a recent fiscal year. (a) Recorded depreciation expense on the plant assets.(b) Incurred a loss on disposal of plant assets.(c)...
-
Tools used for performing repeatable automated tasksin AWS cloud for a company: Tasks Tools and interfaces Snapshots and Backups ? Daily reports ? Analysis and reports on a daily basis ? The process...
-
What were the most important effects of the Dual Revolution both within and beyond Europe? What are some of the strengths and weaknesses of this concept as a way of explaining the issues in question?
-
Barnum Company acquired several small companies at the end of 2018, and based on the acquisitions, reported the following intangible assets on its December 31, 2018, balance sheet: Patent Trade name...
-
Write a reflection that addresses these points, Summarize the areas of wellness where you believe you are doing well . Identify areas for improvement and make a plan . Discuss how you will teach...
-
Note that you must reference the data you are using for the project Business Finance Assignment | Trend Analysis OBJECTIVE You are to assume you have been recently hired by The Company and have been...
-
Assuming you get a job as a network engineer in a multinational company that has five (5) regional station that must be interconnected with others for smooth operation of the organization. The...
-
$50,570 payments to be made at the end of each period for 17 periods at 10%. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to O decimal places, e.g. 458,581.) Present value...
-
Terry has traditionally purchased all of its manufacturing equipment. However, in 2020 they were unable to find a vendor willing to sell them a new $5,078,000 machine. After some careful...
-
What is the back work ratio? What are typical back work ratio values for gas-turbine engines?
-
What types of financial policies should the board regulate and what types belong to the staff ?
-
How do you draw the line between what is too detailed for the bylaws and what processes should be explained in that document? Why is this an issue?
-
If the bylaws give the members specifi c rights to infl uence how the board functions, why should a bylaws clause also give the members the right to approve amendments to the document?
Study smarter with the SolutionInn App