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

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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