Question

The Mixing Department manager of Concord 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		$13,690		Property taxes		$1,270
Indirect materials		8,450		Rent		2,410
Lubricants		3,180		Salaries		11,150
Maintenance		4,540		Utilities		6,130

Actual costs incurred for January 2017 are indirect labor $14,570; indirect materials $14,500; lubricants $2,040; maintenance $4,540; property taxes $2,020; rent $2,410; salaries $11,150; and utilities $7,470.

(a)

Prepare a responsibility report for January 2017.

CONCORD COMPANY Mixing Department Responsibility Report choose the accounting period                                                          For the Month Ended January 31, 2017For the Year Ended January 31, 2017For the Quarter Ended January 31, 2017
						Difference
Controllable Costs		Budget		Actual		Favorable F Unfavorable U Neither Favorable nor Unfavorable N
select an item                                                          Indirect MaterialsProperty TaxesRentUtilitiesMaintenanceSalariesIndirect LaborLubricants		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount	select an option                                                          Neither Favorable nor UnfavorableFavorableUnfavorable
select an item                                                          Property TaxesSalariesMaintenanceLubricantsIndirect MaterialsUtilitiesRentIndirect Labor		enter a dollar amount		enter a dollar amount		enter a dollar amount	select an option                                                          FavorableNeither Favorable nor UnfavorableUnfavorable
select an item                                                          Property TaxesSalariesLubricantsMaintenanceUtilitiesIndirect LaborRentIndirect Materials		enter a dollar amount		enter a dollar amount		enter a dollar amount	select an option                                                          Neither Favorable nor UnfavorableFavorableUnfavorable
select an item                                                          RentMaintenanceSalariesLubricantsUtilitiesIndirect LaborProperty TaxesIndirect Materials		enter a dollar amount		enter a dollar amount		enter a dollar amount	select an option                                                          FavorableUnfavorableNeither Favorable nor Unfavorable
select an item                                                          LubricantsProperty TaxesIndirect LaborRentSalariesMaintenanceIndirect MaterialsUtilities		enter a dollar amount		enter a dollar amount		enter a dollar amount	select an option                                                          UnfavorableFavorableNeither Favorable nor Unfavorable
		$enter a total amount		$enter a total amount		$enter a total amount	select an option                                                          FavorableUnfavorableNeither Favorable nor Unfavorable

Answer 1

	Requirement (a)
	Concord Company
	Mixing Department
	Responsibility Report
	For the Month Ended January 31,2017
	Controllable cost		Budget	Actual	Difference
	Indirect labour		$13,690	$14,570	$        880	Unfavourable
	Indirect materials		$ 8,450	$14,500	$     6,050	Unfavourable
	Lubricants		$ 3,180	$ 2,040	$     1,140	favourable
	Maintenance		$ 4,540	$ 4,540	$          -	Neither favourable nor unfavourable
	Utilities		$ 6,130	$ 7,470	$     1,340	Unfavourable