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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

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question 19

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: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 <.
%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
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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