1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
vovikov84 [41]
3 years ago
6

Arctica manufactures snowmobiles and ATVs. These products are made in different departments, and each department has its own man

ager. Each responsibility performance report only includes those costs that the particular department manager can control: raw materials, wages, supplies used, and equipment depreciation. Snowmobile (Budget) ATV (Budget) Combined (Budget) Snowmobile (Actual) ATV (Actual) Combined (Actual)Raw materials $19,990 $28,000 $47,990 $19,920 $29,320 $49,240Employee wages 10,900 21,000 31,900 11,210 21,740 32,950Dept. manager salary 4,800 5,700 10,500 4,900 4,900 9,800Supplies used 3,850 1,400 5,250 3,670 1,420 5,090Depreciation- Equip. 6,500 13,000 19,500 6,500 13,000 19,500Utilities 410 590 1,000 380 550 930Rent 6,200 6,800 13,000 5,800 6,800 12,600Totals $52,650 $76,490 $129,148 $52,380 $77,730 $130,110Prepare a responsibility accounting report for the snowmobile department.
Business
1 answer:
Ilya [14]3 years ago
3 0

Answer: Please see explanation for answers.

Explanation.

SW=Snowmobile

Given:

SM ATV Combined SM ATV Combine

            Budget       |   Actual

Raw materials $19,990 $28,000 $47,990 $19,920 $29,320$49,240

Employee wages 10,900 21,000 31,900 11,210 21,740 32,950

Dept. manager salary 4,800 5,700 10,500 4,900 4,900 9,800

Supplies used 3,850 1,400 5,250 3,670 1,420 5,090

Depreciation- Equip. 6,500 13,000 19,500 6,500 13,000 19,500

Utilities 410 590 1,000 380 550 930

Rent 6,200 6,800 13,000 5,800 6,800 12,600

Totals $52,650 $76,490 $129,148 $52,380 $77,730 $130,110

A responsibility accounting performance report is a budget that makes comparison of actual and budgeted amounts under the controlled costs in a department .Here utilities and rent costs cannot be controlled so will not be included.

Responsibility accounting report for the snowmobile department.

Budgeted   Actual Over/Under Budget

Controlled costs

Raw materials  19,990  19,920   -70

Employee wages 10,900   11,210  310

Dept. manager salary4,800 4,900 100

Supplies used   3,850   3,670   -180

Depreciation- Equip.6,500  6,500  0

Total               46,040    $46,200  160

Calculations .

Over/Underbudget = Actual - Budgeted amount.

Raw materials  =19,920-19990=   -70

Employee wages 11,210-10,900=  310

Dept. manager salary4,900-4800=100

Supplies used   3,670-3850= -180

Depreciation- Equip.6,500 -6,500 =0

You might be interested in
Which of the following does not constitute an insurable interest?
Murrr4er [49]

Answer:you make an offer to buy your neighbor's house.

Explanation:

As seen from the aforementioned alternatives which all have insurable interest.Thus they are expantiated;

1)Firstly,a savings and loan company holding a mortgage on your home has an insurable interest on interest of the property on insurance premium.

2)Secondly,your lease makes you liable for fire damage to your rented premises makes for an insurable interest which is in form of mortagee/morgator contract,even if it isn't your property,it makes you liable for an insurable interest.

3)Thirdly,you have custody of a valuable painting when the owner is away also makes you eligible for an insurable interest.Though here as carrier,it still gives the right to an insurable interest courtesy of the fact that it is in your custody.

Finally,you make an offer to buy your neighbor's house doesn't make you eligible for an insurable interest because it's just a matter of a vocal agreement,thus no transaction has been carried out and therefore,no property transferred to your custody either way.

6 0
3 years ago
Read 2 more answers
For Bonita Sports Corporation, year-end plan assets were $4,250,000. At the beginning of the year, plan assets were $3,974,000.
OverLord2011 [107]

Answer:

Explanation:

Year-end plan assets were $4,250,000

At the beginning of the year, plan assets were $3,974,000

So Actual Return on Plan Assets = (4,250,000 - 3,974,000) - (420,000 - 365,000)

Actual Return on Plan Assets = 276,000 - (55,000)

Actual Return on Plan Assets = 221,000

6 0
3 years ago
Megan sold Stock A for a short-term capital gain of $5,500 and sold Stock B for a long-term capital loss of $2,242. What is the
bearhunter [10]

Answer:

solution below

Explanation:

(gain - loss)x35%

for megan

(5500 - 2242) * 35%

= $1140.3 is owed

a.) for megan

(5500-2100)*35%

= $1190

b. for margaret

(4000-2000) x 35%

=$700

c. For melissa,

It doesnt matter if she took this withdrawal at 65 years of age.

d. for morgan

110 - 100 = 10 this is the gain per share

total gain = 10 x 100 = 1000

income tax = 1000 x 0.35 = 350 dollars

e. for murphy,

his income tax would fall by

4000 x35% = 1400.

After this, selling the stock would have no effect on current taxes.

5 0
2 years ago
1st Which of the following economic goals focuses on funding technological advances in production?. . A. Efficiency. . B. Equity
skad [1K]
Out of the choices given, the economic goals focuses on funding technological advances in efficiency production. The correct answer is A. 
7 0
3 years ago
Pls help it’s due tomorrow!
maria [59]

Answer:

A. Contact Information for Refrences.

Explanation:

Hi there! To me it makes the most sense because it has nothing to do with a carrer plan. Sure, refrences are benefical but they do not determine what can help you grow and succed in the workforce.

I hope this helps! Good luck! :)

4 0
3 years ago
Other questions:
  • Jane is arguing with Joan about how much cash on hand their small retail outlet needs as they prepare their cash budget. Jane fe
    10·1 answer
  • The Principal assets of commercial banks are:
    8·2 answers
  • Jake manages a grocery store in a country experiencing a high rate of inflation. He is paid in cash. On payday, he immediately g
    11·1 answer
  • A production possibilities curve represents
    11·1 answer
  • Buying a Home Reading Quiz QUESTION 9 of 10: A "point" on a loan equals: a) 0.1% of the loan amount b) 1% of the loan amount c)
    11·1 answer
  • What is the primary purpose of job specialization A. Regional self-sufficiency B. Increased consumer income C. Increased margina
    5·1 answer
  • Dan receives a proportionate current (nonliquidating) distribution when the basis of his partnership interest is $30,000. The di
    15·1 answer
  • Pearson Electric Company uses the high-low method to analyze mixed costs. The following information relates to the production da
    9·1 answer
  • You are planning to save for retirement over the next 44 years. To do this, you will invest $500 a month in a stock account and
    11·1 answer
  • The concept that people should pay taxes based on the benefits they receive from government services is called?.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!