The South Division of Wiig Company reported the following data for the current year.

Solutions is absolutely free. If you need the solution, just contact us.

Problems: Budgetary Control and Responsibility Accounting

Problem-1: Budgetary Control and Responsibility Accounting

Bumblebee Company estimates that 300,000 direct labor hours will be worked during the coming year, 2020, in the packaging Department. On this basis, the following budgeted manufacturing overhead cost data...

Problem-2: Budgetary Control and Responsibility Accounting

Ratchet Company uses budgets in controlling costs. The August 2020 budget report for the company's Assembling Department is as follows.

Problem-3: Budgetary Control and Responsibility Accounting

Zelmer Company manufactures tablecloths. Sales have grown rapidly over the past 2 years. As a result, the president has installed a budgetary control system for 2020. The following data were...

Problem-4: Budgetary Control and Responsibility Accounting

Clarke Inc. operates the patio Furniture Division as a profit center. Operating data for this division for the year ended December 31, 2020, are as shown below.

Problem-5: Budgetary Control and Responsibility Accounting

Optimus Company manufactures a variety of tools and industrial equipment. The company operates through three divisions. Each division is an investment center. Operating data for the Home Division for the...

Problem-6: Budgetary Control and Responsibility Accounting

Durham Company uses a responsibility system. It has division in Denver, Seattle, and San Diego. Each division has three production departments: Cutting, Shaping, and Finishing. The responsibility for each department...

Problem-7: Budgetary Control and Responsibility Accounting

Crede Company budgeted selling expenses of $30,000 in January, $35,000 in February, and $46,000 in March. Actual selling expenses were $31,200 in January, $34,525 in February, and $46,000 in March.

Problem-8: Budgetary Control and Responsibility Accounting

Myers Company uses a flexible for manufacturing overhead based on direct labor hours. Variable manufacturing overhead costs per direct labor hour are as follows.

Problem-9: Budgetary Control and Responsibility Accounting

Using the information in E24-3, assume that in July 2020, Myers Company incurs the following manufacturing overhead costs.

Problem-10: Budgetary Control and Responsibility Accounting

Fallon Company uses flexible budgets to control its selling expenses. Monthly sales are expected to range from $200,000. Variable costs and their percentage relationship to seals are sales commissions 6%,...

Problem-11: Budgetary Control and Responsibility Accounting

The actual selling expenses incurred in March 2020 by Fallon Company are as follows.

Problem-12: Budgetary Control and Responsibility Accounting

Appliance possible Inc. (AP) is manufacturer of ovens. To improve control over operations, the president of AP wants to begin using a flexible budgeting system,rather then uses only the current...

Problem-13: Budgetary Control and Responsibility Accounting

Rensing Groomers is in the dog-grooming business. Its operating cost are described by the following formulas:

Problem-14: Budgetary Control and Responsibility Accounting

As sales manager, Joe Batista was given following static budget report for selling expenses in the Clothing Department of Soria Company for the month of October.

Problem-15: Budgetary Control and Responsibility Accounting

Chubbs Inc.'s manufacturing overhead budget for the first quarter of 2020 contained the following data.

Problem-16: Budgetary Control and Responsibility Accounting

UrLink Company is a newly formed company specializing in high-speed Internet service for home and business. The owner, Lenny Kikland, had divided the company into two segments. Home Internet Service...

Problem-17: Budgetary Control and Responsibility Accounting

Venetian Company has two production departments, Fabricating and Assembling. At a department managers meeting, the controller flexible budget graphs to explain total budgeted costs. Separate graphs used on labor hours...

Problem-18: Budgetary Control and Responsibility Accounting

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...

Problem-19: Budgetary Control and Responsibility Accounting

The Mixing Department manager of Malone Company is able to control all overhead costs except ret, property taxes, and salaries. Budgeted monthly overhead costs for the Mixing Department, in alphabetical...

Problem-20: Budgetary Control and Responsibility Accounting

Horation Inc. has three divisions which are operated as profit centers. Actual operating data for the division listed alphabetically are as follows.

Problem-21: Budgetary Control and Responsibility Accounting

The Sports Equipment Division of Harrington Company is operated as a profit center. Sales for the division were budgeted for 2020 at $900,000. The only variable costs budgets for the...

Problem-22: Budgetary Control and Responsibility Accounting

The South Division of Wiig Company reported the following data for the current year.

Problem-23: Budgetary Control and Responsibility Accounting

The Dinkle and Frizell Dental Clinic provides both preventive and orthodntic dental services. The two owners, Reese Dinkle and Anita Frizell, operate the clinic as two separate investment centers: preventive...

Problem-24: Budgetary Control and Responsibility Accounting

The Ferrell Transportation Company uses a responsibility reporting system to measure the performance of its three investment centers: Planes, Taxis, and Limos, Segment performance is measured using a system of...

Budgetary Control and Responsibility Accounting

Problem-22: Budgetary Control and Responsibility Accounting

Latest Articles