Problemthe mixing department manager of malone company is, Ask an Expert

Accounting

Problem:

The Mixing Department manager of Malone 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	$12,000	Property taxes	$1,000
Indirect materials	7,700	Rent	1,800
Lubricants	1,675	Salaries	10,000
Maintenance	3,500	Utilities	5,000

Actual costs incurred for January 2014 are indirect labor $12,250; indirect materials $10,200; lubricants $1,650; maintenance $3,500; property taxes $1,100; rent $1,800; salaries $10,000; and utilities $6,400.

Required:

Prepare a responsibility report for January 2014.
What would be the likely result of management's analysis of the report?

Note: Please show the work not just the answer.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91164468

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