Exercise 24-14 The Mixing Department manager of Malone Company is able to contro
ID: 2574422 • Letter: E
Question
Exercise 24-14 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 lahor Indirect materials Lubricants Maintenance $15,970 7,720 3,710 3,760 Property taxes Rent Salaries Utilities $2,860 2,400 12,250 5,180 Actual costs incurred for January 2017 are indirect labor $14,650; indirect materials $13,780; lubricants $1,840; maintenance $3,760; property taxes $1,370; rent $2,400; salaries $12,250; and utilities $7,460 Prepare a responsibility report for January 2017 MALONE COMPANY Mixing Department Responsibility Report For the Month Ended lanuary 31, 2017 Difference Unfavorable U Neither Favorable nor Unfavorable N Controllable Costs Bu Actual LINK TO TEXTExplanation / Answer
MALLONE COMPANY MIXING DEPARTMENT RESPONSIBILITY REPORT Differnce Controllable Cost Budget Actual Differnce F/U/NF/NUF Indirect Labour $ 15,970 $ 14,650 1,320.00 Favourable Indirect Materials $ 7,720 $ 13,780 6,060.00 Unfavorable Lubricants $ 3,710 $ 1,840 1,870.00 Favourable Maintenance $ 3,760 $ 3,760 - Not Favorable not Unfavourable Property Taxes $ 2,860 $ 1,370 1,490.00 Favourable Rent $ 2,400 $ 2,400 - Not Favorable not Unfavourable Salaries $ 12,250 $ 12,250 - Not Favorable not Unfavourable Utilities $ 5,180 $ 7,460 2,280.00 Unfavorable
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