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: Indirect labor Indirect materials Lubricants Maintenance $14,170 8,980 2,490 3,760 Property taxes Rent Salaries Utilities $1,480 2,900 11,890 6,120 Actual costs incurred for January 2017 are indirect labor $13,350; indirect materials $11,030; lubricants $2,090; maintenance $3,760; property taxes $1,940; rent $2,900; salaries $11,890; and utilities $7,560 Prepare a responsibility report for January 2017. MALONE COMPANY Mixing Department Responsibility Report For the Month Ended January 31, 2017 Difference Favorable F Unfavorable U Neither Favorable nor Unfavorable N Controllable Costs Budget Actual

Explanation / Answer

Controllable Costs Budget Actual Difference Indirect Labor 14170 13350 820 F Indirect Materials 8980 11030 2050 U Lubricants 2490 2090 400 F Maintenance 3760 3760 0 N Utilities 6120 7560 1440 U 35520 37790 2270 U

Related Questions

Navigate

• Browse (All)
• Browse E
• Subjects

---

---

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