For the year ending December 31, 2022, Sheridan Company accumulates the following data for the Plastics Division, which it operates as an investment center: contribution margin-$625,770 budget, $633,512 actual; controllable fixed costs-$299,200 budget, $303,100 actual. Average operating assets for the year were $1,921,000. Prepare a responsibility report for the Plastics Division beginning with contribution margin for the year ending December 31, 2022. (Round ROI to 1 decimal place, e.g. 1.5%.) Noncontrollable Fixed Costs Variable Costs $ $ Budget % $ $ SHERIDAN COMPANY Plastics Division Responsibility Report Actual % DİDİ
For the year ending December 31, 2022, Sheridan Company accumulates the following data for the Plastics Division, which it operates as an investment center: contribution margin-$625,770 budget, $633,512 actual; controllable fixed costs-$299,200 budget, $303,100 actual. Average operating assets for the year were $1,921,000. Prepare a responsibility report for the Plastics Division beginning with contribution margin for the year ending December 31, 2022. (Round ROI to 1 decimal place, e.g. 1.5%.) Noncontrollable Fixed Costs Variable Costs $ $ Budget % $ $ SHERIDAN COMPANY Plastics Division Responsibility Report Actual % DİDİ
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter7: Allocating Costs Of Support Departments And Joint Products
Section: Chapter Questions
Problem 30E: A company uses charging rates to allocate service department costs to the using departments. The...
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![For the year ending December 31, 2022, Sheridan Company accumulates the following data for the Plastics Division, which it operates
as an investment center: contribution margin-$625,770 budget, $633,512 actual; controllable fixed costs-$299,200 budget,
$303,100 actual. Average operating assets for the year were $1,921,000.
Prepare a responsibility report for the Plastics Division beginning with contribution margin for the year ending December 31, 2022.
(Round ROI to 1 decimal place, e.g. 1.5%.)
Noncontrollable Fixed Costs V
Variable Costs
$
$
Budget
%
SHERIDAN COMPANY
Plastics Division
Responsibility Report
Actual
%
$
$](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F751eefad-94aa-4662-b76b-aea464c52065%2Fd9244aca-f025-4fc5-b02b-08a87bd344d2%2Fr8dlk7n_processed.jpeg&w=3840&q=75)
Transcribed Image Text:For the year ending December 31, 2022, Sheridan Company accumulates the following data for the Plastics Division, which it operates
as an investment center: contribution margin-$625,770 budget, $633,512 actual; controllable fixed costs-$299,200 budget,
$303,100 actual. Average operating assets for the year were $1,921,000.
Prepare a responsibility report for the Plastics Division beginning with contribution margin for the year ending December 31, 2022.
(Round ROI to 1 decimal place, e.g. 1.5%.)
Noncontrollable Fixed Costs V
Variable Costs
$
$
Budget
%
SHERIDAN COMPANY
Plastics Division
Responsibility Report
Actual
%
$
$
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