Exercise 22-14 The Mixing Department manager of Malone Company is able to contro
ID: 2515916 • Letter: E
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:
Indirect labor $14,230 Property taxes $2,870
Indirect materials 7,770 Rent 2,020
Lubricants 2,960 Salaries 12,720
Maintenance 4,320 Utilities 6,290
Actual costs incurred for January 2017 are indirect labor $14,830; indirect materials $13,090; lubricants $2,380; maintenance $4,320; property taxes $1,280; rent $2,020; salaries $12,720; and utilities $7,260.
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
Indirect Materials
Lubricants
Property Taxes
Maintenance
Utilities
Rent
Salaries
Indirect Labor
$
$
$
Favorable
Unfavorable
Neither Favorable nor Unfavorable
Indirect Materials
Maintenance
Lubricants
Indirect Labor
Property Taxes
Rent
Salaries
Utilities
Neither Favorable nor Unfavorable
Unfavorable
Favorable
Rent
Indirect Labor
Property Taxes
Salaries
Utilities
Indirect Materials
Lubricants
Maintenance
Neither Favorable nor Unfavorable
Favorable
Unfavorable
Salaries
Maintenance
Utilities
Indirect Labor
Indirect Materials
Property Taxes
Lubricants
Rent
Neither Favorable nor Unfavorable
Unfavorable
Favorable
Lubricants
Maintenance
Property Taxes
Rent
Indirect Labor
Salaries
Utilities
Indirect Materials
Unfavorable
Favorable
Neither Favorable nor Unfavorable
$
$
$
Favorable
Neither Favorable nor Unfavorable
Unfavorable
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Explanation / Answer
Malone Company Mixing Department Responsibility Reprot For the Month of Ended January 2017 Controllable Cost Budgeted Actual Difference Indirect labor $14,230 $14,830 -$600 UF Indirect Material $7,770 $13,090 -$5,320 UF Lubricant $2,960 $2,380 $580 F Maintenance $4,320 $4,320 $0 N property taxes $2,870 $1,280 $1,590 F rent $2,020 $2,020 $0 N Salaries $12,720 $12,720 $0 N Utilities $6,290 $7,260 -$970 UF
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