Arctica manufactures snowmobiles and ATVs. These products are made in different departments, and eachdepartment has its own manager. Each responsibility performance report only includes those costs that theparticular department manager can control: raw materials, wages, supplies used, and equipment depreciation.Raw materialsEmployee wagesDept. manager salarySupplies usedDepreciation-Equip.UtilitiesRentTotalsSnowmobile$21, 190Controllable Costs:Raw materialsEmployee wagesSupplies usedDepreciation-EquipmentTotals12,1006,0005,1707,7005307,4007108,000$60,090 $82,280BudgetATV$29, 20022,2006,9001,07014,200Prepare a responsibility accounting report for the ATV department. (Under budget amounts should be Indicatedby a minus sign.)Responsibility Accounting Performance ReportDept. Manager, ATV DepartmentBudgetedAmountCombined$ 50,39034,30012,9006,24021,9001,24015,400$142,370For the YearActual AmountActualATVCombined$30,690 $ 51,81012,53023,11035,6406,1006,10012,2004,8701,1306,0007,70014, 20021,9005006701,1707,0008,00015,000$59,820 $83,900 $143,720Over (Under)BudgetSnowmobile$21, 120

Controllable costs :— These are the cost that are modified and changes in short term period. These…

Arctica manufactures snowmobiles and ATVs. These products are made in different departments, and each department has its own manager. Each responsibility performance report only includes those costs that the particular department manager can control: raw materials, wages, supplies used, and equipment depreciation. Raw materials Employee wages Dept. manager salary Supplies used Depreciation-Equip. Utilities Rent Totals Budget ATV $29,200 22, 200 Snowmobile $21, 190 12,100 6,000 5,170 7,788 530 710 7,488 8,000 $60,090 $82,280 Controllable Costs: Raw materials Employee wages Supplies used Depreciation Equipment Totals 6,900 1,070 14,200 Budgeted Amount Responsibility Accounting Performance Report Dept. Manager, ATV Department Combined $ 50,390 34,300 12,900 6,240 21,900 1,240 15,400 $142,370 Prepare a responsibility accounting report for the ATV department. (Under budget amounts should be Indicated by a minus sign.) For the Year Actual Amount Snowmobile $21, 120 12,530 6,100 4,870 7,780 500 7,000 $59,820 Over (Under) Budget Actual ATV Combined $30,690 $ 51,810 23,110 35,640 6,100 1,130 14,200 12,200 6,000 21,900 678 1,170 8,000 15,000 $83,900 $143,728

Arctica manufactures snowmobiles and ATVs. These products are made in different departments, and each department has its own manager. Each responsibility performance report only includes those costs that the particular department manager can control: raw materials, wages, supplies used, and equipment depreciation. Raw materials Employee wages Dept. manager salary Supplies used Depreciation-Equip. Utilities Rent Totals Budget ATV $29,200 22, 200 Snowmobile $21, 190 12,100 6,000 5,170 7,788 530 710 7,488 8,000 $60,090 $82,280 Controllable Costs: Raw materials Employee wages Supplies used Depreciation Equipment Totals 6,900 1,070 14,200 Budgeted Amount Responsibility Accounting Performance Report Dept. Manager, ATV Department Combined $ 50,390 34,300 12,900 6,240 21,900 1,240 15,400 $142,370 Prepare a responsibility accounting report for the ATV department. (Under budget amounts should be Indicated by a minus sign.) For the Year Actual Amount Snowmobile $21, 120 12,530 6,100 4,870 7,780 500 7,000 $59,820 Over (Under) Budget Actual ATV Combined $30,690 $ 51,810 23,110 35,640 6,100 1,130 14,200 12,200 6,000 21,900 678 1,170 8,000 15,000 $83,900 $143,728

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter4: Accounting For Factory Overhead

Section: Chapter Questions

Problem 9E: A manufacturing company has two service and two production departments. Human Resources and Machine...

See similar textbooks

Similar questions

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. Budget For Year Ended December 31 Direct materials Direct labor Department manager salaries Supplies used Utilities Rent Totals Responsibility Accounting Performance Report Manager, ATV Department For Year Ended December 31 Controllable Costs Snowmobile $ 19,990 10,900 4,800 3,850 410 6,200 $ 46,150 Budgeted $ Prepare a responsibility accounting performance report for the ATV department. (Under budget amounts should be indicated minus sign.) 19,990 $ 10,200 x 3,850 x 6,500 X Actual 19,920 11,210 Direct materials Direct labor Supplies used Utilities Totals $ 40,540 $ 60 *Red text indicates no response…
Arctica manufactures snowmobiles and ATVs. These products are made in different departments, and each department has its own manager. Each responsibility performance report only includes those costs that the particular department manager can control: raw materials, wages, supplies used, and equipment depreciation. Raw materials Employee wages Dept. manager salary Supplies used Depreciation-Equip. Utilities Rent Totals Snowmobile $20,590 11,500 5,400 Controllable Costs Raw materials Employee wages Supplies used Depreciation Equipment Totals Budget ATV Combined Snowmobile $20,520 11,870 5,500 4,270 7,100 440 6,400 $56,100 $28,600 21,600 6,300 2,000 13,600 $ 49,190 33,100 11,700 6,510 20,700 1,120 14,200 4,510 7,108 470 650 6,800 7,400 $56,370 $80,150 $136,520 Budgeted Amount Prepare a responsibility accounting report for the snowmobile department. (Under budget amounts should be Indicated by a minus sign.) Responsibility Accounting Performance Report Dept. Manager, Snowmobile Department…
! Required information [The following information applies to the questions displayed below.] Totals 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. Budget For Year Ended December 31 Direct materials Direct labor Department manager salaries Supplies used Utilities Rent Totals Snowmobile $ 19,880 10,800 4,700 3,740 400 6,100 $ 45,620 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 Budgeted Controllable Costs ATV $ 27,900 20,900 5,600 940 580 6,700 $ 62,620 Actual Over (Under) Budget Actual Snowmobile $ 19,820 11,100 4,800 3,570 370 5,700 $ 45,360 ATV…
[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. Budget For Year Ended December 31 Direct materials Direct labor Department manager salaries Supplies used Utilities Rent Totals Controllable Costs Direct materials Direct labor Supplies used Utilities Totals Responsibility Accounting Performance Report- Manager, Snowmobile Department For Year Ended December 31 $ Snowmobile $ 21,520 12,400 6,300 5,500 560 7,700 $ 53,980 Budgeted Prepare a responsibility accounting performance report for the snowmobile department. (Under budget amounts should be indicated by a minus sign.) 0 $ ATV $ 29,500 22,500 7,200 Actual 1,100 740 8,300 $ 69,340 0 $ Actual Snowmobile $ 21,420 12,860…
es 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 Totals Controllable Costs Totals Budget Snowmobile $ 20,370 11,300 5,200 4,290 450 6,600 $ 48,210 Prepare a responsibility accounting performance report for the snowmobile department. Note: Under budget amounts should be indicated by a minus sign. $ Responsibility Accounting Performance Report Manager, Snowmobile Department For Year Ended December 31 Budgeted Controllable Costs ATV $ 28,400 21,400 6,100 990 630 7,200 $ 64,720 0 $ Snowmobile $ 20,320 11,650 5,300 4,070 420 6,200…
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 Controllable Costs Direct materials Direct labor Supplies used Utilities Budgeted Snowmobile $ 19,500 10,400 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 10,400 3,300 360 Budget 4,300 3,300 360 5,700 $ 43,560 $ Actual ATV 27,500 20,500 5,200 900 540 6,300 $ 60,940 19,420 $ 10,660 3,170 330
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. Budget For Year Ended December 31 Direct materials Direct labor Totals Department manager salaries Supplies used Utilities Rent Totals Snowmobile $ 19,810 10,700 ▸ 4,600 3,630 Controllable Costs Responsibility Accounting Performance Report Manager, Snowmobile Department For Year Ended December 31 Budgeted $ 390 6,000 $ 45,130 Prepare a responsibility accounting performance report for the snowmobile department. Note: Under budget amounts should be indicated by a minus sign. 0 $ ATV $ 27,800 20,800 5,500 Actual 930 570 6,600 $ 62,200 Actual Snowmobile $ 19,720 10,990 4,700 3,470 360 5,600 $ 44,840 Over…
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 Totals Department manager salaries Supplies used Utilities Rent Totals Budget Snowmobile $ 19,810 10,700 4,600 3,630 390 Controllable Costs 6,000 $ 45,130 Responsibility Accounting Performance Report Manager, ATV Department For Year Ended December 31 Budgeted Actual Actual ATV $ 27,800 20,800 5,500 930 570 6,600 $ 62,200 $44,840 Exercise 22-2 (Algo) Responsibility accounting performance report LO P1 Prepare a responsibility accounting performance report for the ATV department. Note: Under budget amounts should be indicated by a minus sign. Over (Under) Budget Snowmobile $ 19, 720 10,998 4,700 3,470 360 5,600 ATV $ 29,150 21,570 4,700…
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. Budget Actual For Year Ended December 31 Direct materials Direct labor Department manager salaries Snowmobile $ 19,610 10,500 ATV $ 27,600 Snowmobile $ 19,520 ATV $ 28,930 4,400 20,600 5,300 10,770 21,350 4,500 Supplies used Utilities Rent 3,410 370 5,800 910 550 6,400 3,270 340 5,400 4,500 940 510 6,400 Totals $ 44,090 $ 61,360 $ 43,800 $ 62,630 Exercise 24-1 (Algo) Responsibility accounting performance report LO P1 Prepare a responsibility accounting performance report for the snowmobile department. Note: Under budget amounts should be indicated by a minus sign. Responsibility Accounting Performance Report Controllable Costs Manager, Snowmobile Department For Year Ended December 31…
Objective: Consider that you are an analyst at Regeneron Pharmaceuticals. You need to decide how to allocate administrative overhead costs to Regeneron's main commercial products (Eylea, Dupixent, Kevzara and Praluent). Determine how to appropriately allocate the costs in the table below to each of the commercial products using an allocation methodology of your choice. Department2019 Annual Operating ExpenseTime spent supporting Commercial productsCommercial$200MM100%IT$100MM25%Facilities$150MM0%Finance$25MM20%Human Resources$75MM10% Use the supporting document Net Product Sales of REGN Products to facilitate your analysis. Provide a written summary of how you allocated the overhead costs to each product in an outline of no more than one page. As a starting point, it's recommended that you revisit the material we covered in Chapter 12. Guidance on calculations:Start off with Net Product Sales of REGN Products. Your objective pertains to 2019 expenses, so you should be reviewing 2019…
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. Budget A For Year Ended December 31 Snowmobile ATV Direct materials Direct labor Department manager salaries Supplies used Utilities Rent Totals $ 20,700 11,600 $ 28,700 Snowmobile $ 20,620 21,700 11,980 5,500 6,400 4,620 1,020 480 6,900 660 7,500 $,600 4,370 450 6,500 $ 49,800 $ 65,980 $ 49,520 Prepare a responsibility accounting performance report for the snowmobile department. Note: Under budget amounts should be indicated by a minus sign. Responsibility Accounting Performance Report Manager, Snowmobile Department For Year Ended December 31 Totals Controllable Costs Budgeted Actual Over (Under)…
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. Budget Actual For Year Ended December 31 Direct materials Snowmobile $ 19,610 ATV Snowmobile ATV $ 27,600 $ 19,520 10,770 4,500 $ 28,930 21,350 4,500 Direct labor Department manager salaries Supplies used Utilities 10,500 4,400 3,410 20,600 5,300 3,270 340 910 940 370 550 510 Rent 5,800 6,400 5,400 6,400 Totals $ 44,090 $ 61,360 $ 43,800 $ 62,630 Prepare a responsibility accounting performance report for the snowmobile department. (Under budget amounts should be indicated by a minus sign.) Responsibility Accounting Performance Report Manager, Snowmobile Department For Year Ended December 31 Over…