t16Question 2 of 3 - Ch 23: Homework with Video Assistance
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515
Subject
Accounting
Date
Apr 3, 2024
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3
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Marigold Company is a newly formed company specializing in high-speed Internet service for home
and business. The owner, Lenny Kirkland, divided the company into two segments: Home Internet
Service and Business Internet Service. Each segment is run by its own supervisor, while basic selling
and administrative services are shared by both segments.
Lenny has asked you to help him create a performance reporting system that will allow him to
measure each segment’s performance in terms of its profitability. To that end, the following
information has been collected on the Home Internet Service segment for the first quarter of 2022.
Budgeted
Actual
Service revenue
$23,500
$24,628
Allocated portion of:
Building depreciation
10,340
10,340
Advertising
4,700
3,948
Billing
3,290
2,820
Property taxes
1,128
940
Material and supplies
1,504
1,128
Supervisory salaries
8,460
8,930
Insurance
3,760
3,666
Wages
2,820
3,055
Gas and oil
2,632
3,196
Equipment depreciation
1,410
1,222
Ch 23: Homework with Video Assistance
Question 2 of 3
- / 3
Prepare a responsibility report for the first quarter of 2022 for the Home Internet Service Segment.
MARIGOLD COMPANY
Home Internet Service Segm
Responsibility Report
Budgeted
Actual
$ $
$ $ eTextbook and Media
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