Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Fey Company's organization chart includes the president; the vice president of production; three assembly factories - Dallas, Atlanta, and Tucson; and two departments within each

Fey Company's organization chart includes the president; the vice president of production; three assembly factories-Dallas, Atlanta,
and Tucson; and two departments within each factory-Machining and Finishing. Budget and actual manufacturing cost data for July
2022 are as follows.
Finishing Department-Dallas: direct materials $42,500 actual, $44,000 budget; direct labor $83,400 actual, $82,000 budget;
manufacturing overhead $51,000 actual, $49,200 budget.
Machining Department-Dallas: total manufacturing costs $220,000 actual, $219,000 budget.
Atlanta factory: total manufacturing costs $424,000 actual, $420,000 budget.
Tucson factory: total manufacturing costs $494,200 actual, $496,500 budget.
The Dallas factory manager's office costs were $95,000 actual and $92,000 budget. The vice president of production's office costs
were $132,000 actual and $130,000 budget. Office costs are not allocated to departments and factories.
(a)
Prepare the reports in a responsibility system for: The Finishing Department-Dallas.
image text in transcribed

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

The Digital Transformation Of Auditing And The Evolution Of The Internal Audit

Authors: Nabyla Daidj

1st Edition

1032103914, 978-1032103914

More Books

Students also viewed these Accounting questions

Question

8. Explain the relationship between communication and context.

Answered: 1 week ago

Question

d. How were you expected to contribute to family life?

Answered: 1 week ago