2uPes a variety of tools and industrial equipment. The company opera division is an investment center. Operating data for the Home Division for the year ended Decembem data are as follows. Actual Comparison with Budge Sales $1,400,000 $100,000 favorable Variable cost of goods sold 680,000 55,000 unfavorable Variable selling and administrative expenses 126,000 25,000 unfavorable Controllable fixed cost of goods sold 170,000 On target
2uPes a variety of tools and industrial equipment. The company opera division is an investment center. Operating data for the Home Division for the year ended Decembem data are as follows. Actual Comparison with Budge Sales $1,400,000 $100,000 favorable Variable cost of goods sold 680,000 55,000 unfavorable Variable selling and administrative expenses 126,000 25,000 unfavorable Controllable fixed cost of goods sold 170,000 On target
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Question 19
Transcribed Image Text:Bridgeport Company manufactures a variety of tools and industrial equipment. The companyoperates through three divisions. Each
division is an investment center. Operating data for the Home Division for the year ended December 31, 2022, and relevant budget
data are as follows.
Actual
Comparison with Budget
Sales
$1.400,000
$100,000 favorable
Variable cost of goods sold
680,000
55,000 unfavorable
Variable selling and administrative expenses
126,000
25,000 unfavorable
Controllable fixed cost of goods sold
170,000
On target
Controllable fixed selling and administrative expenses
80,000
On target
Average operating assets for the year for the Home Division were $2,000,000, which was also the budgeted amount.
(a)
Prepare a responsibility report for the Home Division. (List variable costs before fxed costs. Round ROl to 2 decimal places, eg. 1.57K)
BRIDGEPORT COMPANY
Home Division
Responsibility Report
Budget
Actual
%24
<.
Transcribed Image Text:%24
(e
Prepare a responsibility report for the Home Division. (List variable costs before fixed costs. Round ROI to 2 decimal places, eg 1.57%)
BRIDGEPORT COMPANY
Home Division
Responsibility Report
Difference
Favorable
Unfavorable
Neither Favorable
nor Unfavorable
dp
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