! 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:
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/05/664899f1ceaed_033664899f1624f2.jpg)
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 ATV $ 29,000 Snowmobile 11,900 22,000 5,800 6,700 $ 20,920 12,310 5,900 ATV $ 30,470 22,890 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 ATV department. Note: Under budget amounts should be indicated by a minus sign. Responsibility Accounting Performance Report Manager, ATV Department For Year Ended December 31 Totals Controllable Costs Budgeted Actual Over (Under) 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 ATV $ 29,000 Snowmobile 11,900 22,000 5,800 6,700 $ 20,920 12,310 5,900 ATV $ 30,470 22,890 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 ATV department. Note: Under budget amounts should be indicated by a minus sign. Responsibility Accounting Performance Report Manager, ATV Department For Year Ended December 31 Totals Controllable Costs Budgeted Actual Over (Under) Budget
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
All of the following complications are more common in ventouse assisted delivery than forceps except: a) Subgaleal hemorrhage b) Cephalhematoma c) Intracranial hemorrhage d) Transient lateral rectus...
-
The budget director of Safety Athletic Inc., with the assistance of the controller, treasurer, production manager, and sales manager, has gathered the following data for use in developing the...
-
London Ltd. reported the following transactions and information regarding the shares of Dolma Corp: 15 October 20X2, purchased 3,000 shares at $ 42 per share plus $ 1,200 commission. 1 December...
-
You are the chief information security officer for a small company. You are asked to design appropriate controls for the payroll and inventory management sys tems. Following is a list of users and...
-
Green Grocery Company employed Jones as its manager. Jones was given authority by Green to purchase supplies and goods for resale and had conducted business for several years with Brown Distributing...
-
This forum is about the importance of the different techniques in project management or queuing systems in decision making in companies. The student will assume the role of an expert blogger on the...
-
Write a paper about Ethnography: Db ELETNEE
-
In a stunt filmed for a movie, a car rolls down an incline and off a vertical cliff, falling into an ocean below. The car starts from rest and rolls down the incline, which makes an angle of 25.0...
-
The critical number of f(x) = (x-1)^2-4 is:
-
Cranford Company completed and transferred out 4,000 units in May 2016. There were 100 units in the Work-in-Process Inventory on May 31, 2016, 30% complete toconversion costs and 100% complete to...
-
Describe the four levels of cost hierarchy. Why is it important to classify costs into a cost hierarchy?
-
A molecule of DNA (deoxyribonucleic acid) is 2.06 m long. The ends of the molecule become singly ionized: negative on one end, positive on the other. The helical molecule acts like a spring and...
-
A contractor commenced the work on a particular contract on 1st April, 2016 he usually closes his books of accounts for the year on 31st December of each year. The following information is revealed...
-
How can you tell from the vertex form y = a(x - h) 2 + k whether a quadratic function has no real zeros?
-
Distinguish between a multiple-step and a single-step income statement. Which format results in the higher amount of net income?
-
Refer to the Action feature, Channel Stuffing, on page 19. Suppose that performance bonuses based on revenues were eliminated and this behavior ceases. Would you favor eliminating performance-based...
-
Refer to the Action feature, Palliative Care Unit, on page 5. What type of costs in a hospital might be difficult to split between the PCU and non-PCU areas? What type of costs would be easy to...
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App