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 Indirect materials Lubricants Maintenance $14,730 7,510 3,410 4,320 Property taxes Rent Salaries Utilities $2,950 2,210 10,450 6,850 Actual costs incurred for January 2017 are indirect labor $13,630; indirect materials $12,070; lubricants $2,440; maintenance $4,320; property taxes $1,800; rent $2,210; salaries $10,450; and utilities $7,150. Prepare a responsibility report for January 2017 MALONE COMPANY Mixing Department Responsibility Report For the Month Ended January 31, 2017 Favorable F Unfavorable U Neither Favorable nor Unfavorable N Controllable Costs Budget Actual

Explanation / Answer

Answer:-

MALONE COMPANY (MIXING DEPARTMENT) Responsibility Report For the month ended January 31,2017 Controllable costs Budget Actual Difference Remark $ $ $ Indirect Labor 14730 13630 1100 Favourable Indirect Material 7510 12070 -4560 Unfavourable Lubricants 3410 2440 970 Favourable Maintenance 4320 4320 0 Neither Favourable nor Unfavourable Utilities 6850 7150 -300 Unfavourable Total costs 36820 39610 -2790

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