In the Assembly Department of Sheffield Company, budgeted and actual manufacturing overhead costs for the month...
In the Assembly Department of Sheffield Company, budgeted and
actual manufacturing overhead costs for the month of April 2020
were as follows.
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Budget |
Actual |
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| Indirect materials | $15,900 | $15,100 | ||
| Indirect labor | 19,800 | 20,400 | ||
| Utilities | 11,200 | 11,800 | ||
| Supervision | 4,400 | 4,400 |
All costs are controllable by the department manager.
Prepare a responsibility report for April for the cost
center.
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SHEFFIELD COMPANY |
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Controllable Cost |
Budget |
Actual |
Favorable |
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Indirect MaterialsSupervisionIndirect LaborUtilitiesHomework Answers
| Ans. | SHEFFIELD COMPANY | ||||
| Assembly Department | |||||
| Manufacturing Overhead Cost Responsibility Report | |||||
| For the Quarter Ended April 30, 2020 | |||||
| Controllable Cost | Budget | Actual | Difference | Favorable or Unfavorable | |
| Indirect materials | $15,900 | $15,100 | $800 | Favorable | |
| Indirect labor | $19,800 | $20,400 | $600 | Unfavorable | |
| Utilities | $11,200 | $11,800 | $600 | Unfavorable | |
| Supervision | $4,400 | $4,400 | $0 | none | |
| Total controllable costs | $51,300 | $51,700 | $400 | Unfavorable | |
| *If the actual costs are higher than the budgted it means the variance is unfavorable. | |||||
| *If the actual costs are lower than the budgted it means the variance is favorable. | |||||
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