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Crane Division operates as a profit centre. It reports the following actual results for the year: sales $1.08 million; variable costs $314,000; controllable fixed costs $184,000; and non-controllable fixed costs $101,500. The annual budgeted amounts were: sales $1.20 million; variable costs $444,400; controllable fixed costs $184,000; and non- controllable fixed costs $101,500. Prepare a responsibility report for Forest Division at December 31, 2022. $ Budget $ Crane Division Responsibility Report Actual $ Neither Fa

Crane Division operates as a profit centre. It reports the following actual results for the year: sales $1.08 million; variable costs $314,000; controllable fixed costs $184,000; and non-controllable fixed costs $101,500. The annual budgeted amounts were: sales $1.20 million; variable costs $444,400; controllable fixed costs $184,000; and non- controllable fixed costs $101,500. Prepare a responsibility report for Forest Division at December 31, 2022. $ Budget $ Crane Division Responsibility Report Actual $ Neither Fa

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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$ Budget $ $ Crane Division Responsibility Report Actual Difference Favourable Unfavourable Neither Favourable nor Unfavourable
Transcribed Image Text:$ Budget $ $ Crane Division Responsibility Report Actual Difference Favourable Unfavourable Neither Favourable nor Unfavourable
Crane Division operates as a profit centre. It reports the following actual results for the year: sales $1.08 million; variable costs $314,000; controllable fixed costs $184,000; and non-controllable fixed costs $101,500. The annual budgeted amounts were: sales $1.20 million; variable costs $444,400; controllable fixed costs $184,000; and non- controllable fixed costs $101,500. Prepare a responsibility report for Forest Division at December 31, 2022. $ Budget $ Crane Division Responsibility Report Actual $ Neither Fa
Transcribed Image Text:Crane Division operates as a profit centre. It reports the following actual results for the year: sales $1.08 million; variable costs $314,000; controllable fixed costs $184,000; and non-controllable fixed costs $101,500. The annual budgeted amounts were: sales $1.20 million; variable costs $444,400; controllable fixed costs $184,000; and non- controllable fixed costs $101,500. Prepare a responsibility report for Forest Division at December 31, 2022. $ Budget $ Crane Division Responsibility Report Actual $ Neither Fa
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