70.2K

Verified Solution

Link Copied!

Current Attempt in Progress Fey Company's organization chart includes the president; the vice president of production; three assembly plants- Dallas, Atlanta, and Tucson; and two departments within each plant-Machining and Finishing. Budget and actual manufacturing cost data for July 2020 are as follows. Finishing Department-Dallas: direct materials $41,500 actual, $48,180 budget; direct labor $84,130 actual, $82,550 budget; manufacturing overhead $50,680 actual, $50,890 budget. Machining Department-Dallas: total manufacturing costs $223,460 actual, $218,280 budget. Atlanta Plant: total manufacturing costs $423,040 actual, $423,560 budget. Tucson Plant: total manufacturing costs $494,710 actual, $496,730 budget. The Dallas plant manager's office costs were $97,180 actual and $94,510 budget. The vice president of production's office costs were $132,780 actual and $133,220 budget. Office costs are not allocated to departments and plants. (a) Your answer is correct. Prepare the reports in a responsibility system for: The Finishing Department-Dallas. To Dallas Department Manager-Finishing Budget Actual Controllable Costs: Direct Materials $ 48180 $ 41500 Direct Labor 82550 84130 Manufacturing Overhead 50890 50680 Total $ 181620 $ 176310 Attempts: 1 of 7 used (b) Your answer is correct. Prepare the reports in a responsibility system for: The plant manager-Dallas. Fai Unfi Neithe nor UI Budget Actual $ 94510 $ 97180 $ 2670 i 218280 223460 5180 i 181620 176310 5310 $ 494410 $ 496950 $ 2540 i Attempts: 1 of 7 used (c) Prepare the reports in a responsibility system for: The vice president of production. Ne nc Budget Actual 2 $ $ $ $ Save for Later Attempts: 0 of 7 used Submit

Answer & Explanation Solved by verified expert

See Answer