The Mixing Department manager of Malone Company is able to control all overhead

Question

The Mixing Department manager of Malone Company is able to control all overhead costs except rent, property taxes, and salaries. Budgeted monthly overhead costs for the Mixing Department, in alphabetical order, are: Indirect labor $13,960 Property taxes $2,140 Indirect materials 9,060 Rent 2,810 Lubricants 2,270 Salaries 13,180 Maintenance 4,930 Utilities 6,090 Actual costs incurred for January 2017 are indirect labor $13,920; indirect materials $13,680; lubricants $1,520; maintenance $4,930; property taxes $1,500; rent $2,810; salaries $13,180; and utilities $7,230. Prepare a responsibility report for January 2017.

MALONE COMPANY
Mixing Department
Responsibility Report
For the Month Ended January 31, 2017

Difference

Controllable Costs

Budget

Actual

Favorable F
Unfavorable U
Neither Favorable
nor Unfavorable N

MALONE COMPANY
Mixing Department
Responsibility Report
For the Month Ended January 31, 2017

Difference

Controllable Costs

Budget

Actual

Favorable F
Unfavorable U
Neither Favorable
nor Unfavorable N

RentIndirect MaterialsLubricantsMaintenanceSalariesProperty TaxesUtilitiesIndirect Labor

$

$

$

FavorableNeither Favorable nor UnfavorableUnfavorable

Property TaxesMaintenanceIndirect LaborIndirect MaterialsRentSalariesUtilitiesLubricants

Neither Favorable nor UnfavorableUnfavorableFavorable

Indirect LaborIndirect MaterialsLubricantsUtilitiesMaintenanceProperty TaxesRentSalaries

FavorableUnfavorableNeither Favorable nor Unfavorable

LubricantsUtilitiesRentProperty TaxesIndirect MaterialsMaintenanceSalariesIndirect Labor

UnfavorableNeither Favorable nor UnfavorableFavorable

Property TaxesIndirect MaterialsLubricantsIndirect LaborUtilitiesMaintenanceRentSalaries

FavorableNeither Favorable nor UnfavorableUnfavorable

$

$

$

FavorableNeither Favorable nor UnfavorableUnfavorable

Explanation / Answer

ControllableCosts Budget Actual Difference Indirect Labor 13960 13920 40 F Indirect Materials 9060 13680 4620 U Lubricants 2270 1520 750 F Maintenance 4930 4930 0 None Utilities 6090 7230 1140 U 36310 41280 4970 U

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