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Question 2 The Mixing Department manager of Sheffield Company is able to control all overhead costs...

Question 2


The Mixing Department manager of Sheffield 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 $13,960 Property taxes $2,870
Indirect materials 9,500 Rent 2,400
Lubricants 2,110 Salaries 13,480
Maintenance 3,910 Utilities 5,470


Actual costs incurred for January 2020 are indirect labor $13,130; indirect materials $10,330; lubricants $1,610; maintenance $3,910; property taxes $2,180; rent $2,400; salaries $13,480; and utilities $6,410.

Prepare a responsibility report for January 2020.

Business   Accounting   
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Answer #1

Answer-

SHEFFIELD COMPANY
MIXING DEPARTMENT
RESPONSIBILITY REPORT
For the Month Ended January 31,2020
Controllable Costs Budget Actual Variances Remark
$ $ $
Indirect labor 13960 13130 830 Favorable
Indirect materials 9500 10330 -830 Unfavorable
Lubricants 2110 1610 500 Favorable
Maintenance 3910 3910 0 None
Utilities 5470 6410 -940 Unfavorable
Total controllable costs $ 34950 35390 -440 Unfavorable
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