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> > MAN Budget CARLA VISTA CO. Real Estate Products Division Responsibility Report 2022 Actual 110 HIR Difference Favorable (F) Unfavorable (U) Not Applicable (NA)

> > MAN Budget CARLA VISTA CO. Real Estate Products Division Responsibility Report 2022 Actual 110 HIR Difference Favorable (F) Unfavorable (U) Not Applicable (NA)

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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The Real Estate Products Division of Carla Vista Co. is operated as a profit center. Sales for the division were budgeted for 2022 at $1,286,000. The only variable costs budgeted for the division were cost of goods sold ($628,000) and selling and administrative ($89,000). Fixed costs were budgeted at $145,500 for cost of goods sold, $133,500 for selling and administrative costs, and $104,000 for noncontrollable fixed costs. Actual results for these items were as follows. Sales Cost of goods sold Variable Fixed Selling and administrative Variable Fixed Noncontrollable fixed $1,216,951 558,500 160,500 100,000 109,000 114,000
Transcribed Image Text:The Real Estate Products Division of Carla Vista Co. is operated as a profit center. Sales for the division were budgeted for 2022 at $1,286,000. The only variable costs budgeted for the division were cost of goods sold ($628,000) and selling and administrative ($89,000). Fixed costs were budgeted at $145,500 for cost of goods sold, $133,500 for selling and administrative costs, and $104,000 for noncontrollable fixed costs. Actual results for these items were as follows. Sales Cost of goods sold Variable Fixed Selling and administrative Variable Fixed Noncontrollable fixed $1,216,951 558,500 160,500 100,000 109,000 114,000
> < > > > > Budget CARLA VISTA CO. Real Estate Products Division Responsibility Report 2022 II $ Actual I Difference Favorable (F) Unfavorable (U) Not Applicable (NA) 1 3 >
Transcribed Image Text:> < > > > > Budget CARLA VISTA CO. Real Estate Products Division Responsibility Report 2022 II $ Actual I Difference Favorable (F) Unfavorable (U) Not Applicable (NA) 1 3 >
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