Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Ana Perez is the plant manager of Travel Free's Indiana plant. The Camper and Trailer operating departments manufacture products and have their own managers. The

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Ana Perez is the plant manager of Travel Free's Indiana plant. The Camper and Trailer operating departments manufacture products and have their own managers. The Office department, which Perez also manages, provides services equally to the two operating departments Each performance report includes only those costs that a particular operating department manager can control direct materials, direct labor, supplies used, and utilities. The plant manager is responsible for the department managers' salaries, building rent, office salaries other than her own, and other office costs plus all costs controlled by the two operating department managers. The annual departmental budgets and actual costs for the two operating departments follow. For Year Ended Deceber 31 Budget Actual Direct materials Campers Trailers Campers Trailers Direct labor $ 195, 100 $ 277,200 $ 194,300 $ 273,200 Department manager salaries 104,05 206,200 106,800 206,400 44,100 52,700 43,900 53,900 Supplies used 3,100 Utilities 9,000 3,900 8,600 4,200 5,600 3,900 5,600 Building rent 6,300 9,500 Office department costs 5,700 9,000 67,250 07.750 80.550 80,550 Totals $ 424,680 5627,950 $ 439,050 $ 637,250 The Office department's budgeted and actual costs follow. For Year Ended December 31 Budget Actuat Plant manager salary $ 84,000 $ 99,000 Other office salaries 36,500 26,800 Other office costs 15,000 35,300 Totals $ 135,500 $ 161, 100 Required: Prepare responsibility accounting performance reports that list costs controlled by the following 1. Manager of Camper department 2. Manager of Trailer department." 3. Manager of Indiana plant. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare responsibility accounting performance reports that list controllable costs. In each report, include the budgeted and actual costs and show the amount that each actual cost is over or under the budgeted amount for manager of Camper department. (Under budget amounts should be indicated by a minus sign.) Responsibility Accounting Performance Report Manager, Camper Department For the Year Ended December 31 Controllable Costs Bageted Over (Under) Actual Budget Totals $ 0 $ 0 $ 0 Required Required 2 > inswers in the tabs below. Required 1 Required 2 Required 3 Prepare responsibility accounting performance reports that list controllable costs. In each report, include the budgeted and actual costs and show the amount that each actual cost is over or under the budgeted amount for manager of Trailer department. (Under budget amounts should be indicated by a minus sign.) Responsiblity Accounting Performance Report Manager, Trailer Department For Year Ended December 31 Controllable Costs Over (Under) Budgeted Actual Budget Totals $ 0 $ 0 $ Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare responsibility accounting performance reports that list controllable costs. In each report, include the budgeted and actual costs and show the amount that each actual cost is over or under the budgeted amount for manager of Indiana plant. (Under budget amounts should be indicated by a minus sign.) Responsibility Accounting Performance Report Plant Manager, Indiana Plant For Year Ended December 31 Controllable Costs Budgeted Over (Under) Actual Budget Totals $ 0$ 0 $ 0

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

ISE Business Accounting Volume 1

Authors: Frank Wood, Alan Sangster

8th Edition

0273638394, 9780273638391

More Books

Students also viewed these Accounting questions

Question

=+7. For the cost matrix of Exercise 3,

Answered: 1 week ago