Exercise 22-14 The Mixing Department manager of Malone Company is able to contro

Question

Exercise 22-14

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:

Actual costs incurred for January 2014 are indirect labor $12,260; indirect materials $12,020; lubricants $1,830; maintenance $4,200; property taxes $2,020; rent $2,320; salaries $14,890; and utilities $6,560.

(a)

Prepare a responsibility report for January 2014.

MALONE COMPANY
Mixing Department
Responsibility Report
For the Month Ended January 31, 2014

Difference

Controllable Costs

Budget

Actual

Favorable (F)
Unfavorable (U)
Neither Favorable
nor Unfavorable (N)

Indirect labor $15,240 Property taxes $1,330 Indirect materials 7,770 Rent 2,320 Lubricants 3,100 Salaries 14,890 Maintenance 4,200 Utilities 5,760

Explanation / Answer

Exercise 22-14 The Mixing Department manager of Malone Company is able to contro

Related Questions

Navigate

• Browse (All)
• Browse E
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.