Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

Fey Companys organization chart includes the president; the vice president of production; three assembly plantsDallas, Atlanta, and Tucson; and two departments within each plantMachining and

Fey Companys organization chart includes the president; the vice president of production; three assembly plantsDallas, Atlanta, and Tucson; and two departments within each plantMachining and Finishing. Budget and actual manufacturing cost data for July 2020 are as follows. Finishing DepartmentDallas: direct materials $43,180 actual, $47,990 budget; direct labor $83,280 actual, $84,380 budget; manufacturing overhead $52,830 actual, $51,050 budget. Machining DepartmentDallas: total manufacturing costs $222,650 actual, $216,800 budget. Atlanta Plant: total manufacturing costs $423,070 actual, $423,220 budget. Tucson Plant: total manufacturing costs $496,900 actual, $497,090 budget. The Dallas plant managers office costs were $97,120 actual and $93,960 budget. The vice president of productions office costs were $134,690 actual and $131,310 budget. Office costs are not allocated to departments and plants.

Prepare the reports in a responsibility system for:

A)The Finishing DepartmentDallas.

B) The plant manager - Dallas

C) The vice president of production.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Fundamental Accounting Principles Volume II

Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann

16th Canadian edition

978-1260305838

Students also viewed these Accounting questions