Jantzen Manufacturing Inc. operates the Patio Furniture Division as a profit center. Operating data for this division
Question:
Jantzen Manufacturing Inc. operates the Patio Furniture Division as a profit center. Operating data for this division for the year ended December 31, 2010, are as shown below.
In addition, Jantzen Manufacturing incurs $180,000 of indirect fixed costs that were budgeted at $175,000. Twenty percent (20%) of these costs are allocated to the Patio Furniture Division.Instructions(a) Prepare a responsibility report for the Patio Furniture Division for the year.(b) Comment on the manager??s performance in controlling revenues and costs.(c) Identify any costs excluded from the responsibility report and explain why they were excluded.
Difference Budget from Budget Sales Cost of goods sold Variable $2,500,000 $60,000 F 1,300,000 41,000 F Controllable fixed Selling and administrative Variable 200,000 6,000 U 220,000 50,000 7,000 U 2,000 U 4,000 U Controllable fixed Noncontrollable fixed costs 70,000
Step by Step Answer:
a JANTZEN MANUFACTURING INC Patio Furniture Division Responsibility Report For the Year Ended Decemb...View the full answer
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Students also viewed these Managerial Accounting questions
-
Clarke Inc. operates the Patio Furniture Division as a profit center. Operating data for this division for the year ended December 31, 2014, are as shown below. In addition, Clarke incurs $180,000 of...
-
Clarke Inc. operates the Patio Furniture Division as a profit center. Operating data for this division for the year ended December 31, 2017, are as shown below. In addition, Clarke incurs $180,000 of...
-
Lufeng Enterprises operates the Patio Furniture Division as a profit center. Operating data for this division for the year ended December 31, 2020, are as shown below. In addition, Lufeng incurs...
-
You are asked to evaluate the following two projects for Boring Corporation using the NPV method combined with the PI approach, which project would you select? Use a discount rate of 10 percent....
-
Journalize the transactions given in BE3.2. In BE3.2 1. Purchased supplies on account, $250. 2. Provided a service on account, $500. 3. Paid salaries expense, $300. 4. Issued common shares in...
-
A mixture of gases consists of 30 percent hydrogen, 40 percent helium, and 30 percent nitrogen by volume. Calculate the mass fractions and apparent molecular weight of this mixture.
-
Zeds Manufacturing incurred the following costs in acquiring land, making land improvements, and constructing and furnishing a new building. Zeds Manufacturing depreciates buildings over 50 years,...
-
Scenario: You are an accountant at Rock Castle Construction. Your boss has asked that you create general purpose financial statements from a trial balance that he has created for you. Additionally,...
-
Section 3: Professional Competitive Advantage Describe how the material covered in organizational communication might help you become a more competitive professional. Provide two specific examples...
-
Three envelopes contain a $500 check, and three envelopes contain a $1000 check. A person randomly selects one of the six envelopes shown below. Each envelope contains a check that the person gets to...
-
Zelmer Company uses budgets in controlling costs. The August 2010 budget report for the company??s Assembling Department is as follows. The monthly budget amounts in the report were based on an...
-
Dinkle Manufacturing Company manufactures a variety of tools and industrial equipment. The company operates through three divisions. Each division is an investment center. Operating data for the Home...
-
Fill in the blanks with an appropriate word, phrase, or symbol(s). In the numeral 234 5 , the 3 represents 3 _______.
-
Consider a spherical bacterium, with radius 1.4 m , falling in water at 20 C. Find the terminal speed of the spherical bacterium in meters per second, ignoring the buoyant force on the bacterium and...
-
The chief financial officer of a hospital wants to evaluate the year-to-year change in expenses by area. What areas had the highest and lowest growth, and what recommendations would you give the CFO...
-
These are the pieces you must choose from to summarize and comment on in your essay: "EEOC v. Madison Community Unit School District (No. 12 818 F.2d 577 (7th Cir. 1987))" "Sandor v. Safe Horizon,...
-
Sam Green was riding his bicycle along a road that was under construction; although he was riding against traffic instead of with traffic as required by law, he was off the pavement at the time...
-
Sienna Company has the following information for January: Cost of direct materials used in production $20,000 Direct labor 15,000 Factory overhead 24,000 Work in process inventory, January 1 2,900...
-
Vital Dimensions Radiology Center (VDRC) performs X-rays, ultrasounds, computer tomography (CT) scans, and magnetic resonance imaging (MRI). VDRC has developed a reputation as a top radiology center...
-
Marc Company assembles products from a group of interconnecting parts. The company produces some of the parts and buys some from outside vendors. The vendor for Part X has just increased its price by...
-
Atom A has 35 protons and 44 neutrons in its nucleus. Atom B has 35 protons and 46 neutrons in its nucleus. Should we expect similar or different chemical properties for these atoms? Explain.
-
The selection of an inventory cost flow method is a decision made by accountants. Do you agree? Explain. Once a method has been selected, what accounting requirement applies? Discuss.
-
Which assumed inventory cost flow method? (a) Usually parallels the actual physical flow of merchandise? (b) Assumes that goods available for sale during an accounting period are identical? (c)...
-
What transactions might be included in a multiple-column purchases journal that would not be included in a single column purchases journal? Discuss.
-
A manufactured product has the following information for August. Direct materials Direct labor Overhead Units manufactured Total manufacturing costs Standard Quantity and Cost 2 pounds per unit @...
-
PCMath11 4. The sum of two numbers is 10. The sum of their reciprocals is 12' WCLN.ca what are the numbers? 5. Two positive consecutive numbers are represented by x and x+1. If four is added to the...
-
Jessica May was just elected Mayor of the City of Colwell. She ran a very aggressive campaign on reducing spending and cutting taxes. She was particularly critical of public employees, calling them...
Study smarter with the SolutionInn App