Car City is divided into three divisions: new car sales (NCS), used car sales (UCS), and parts and service (PAS). Each division is supervised by a division manager. The three division managers report to the general manager. Each division is subdivided into different departments managed by a department manager. For example, the PAS division has a parts department manager and a service department manager and NCS has a department manager for auto sales and a department manager for truck sales. The following items were contained in the company's most recent responsibility report: aAllocated utility cost for NCS divisionbCost to rent vacant lot for storage of new vehiclescParts revenue for the PAS divisiondParts shipping/delivery costseSalary of the gerneral managerfSalary of the Parts department managergSalary of the PAS division managerhSalary of the UCS division mangerISales commisions of UCS sales personnelJService revenue for the PAS divisionkTraining costs for mechanicsLWarranty repair cost Required:Identify the items that are likely considered to be controlled by the New Car division.

Financial accounting: Financial accounting is the process of recording, summarizing, and reporting all the transactions in the financial statement of the business over a period of time. The financial statement consists of the balance sheet, income statement, statement of retained earnings, and the cash flow statement.S.no Controllable / Uncontrollable by New Car Sales division a. Uncontrollable b. Controllable C. Uncontrollable d. Uncontrollable e. Uncontrollable f. Uncontrollable g. Uncontrollable h. Uncontrollable i. Uncontrollable j. Uncontrollable k. Uncontrollable l. Controllable

Answered: Identify the items that are likely…

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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Car City is divided into three divisions: new car sales (NCS), used car sales (UCS), and parts and service (PAS). Each division is supervised by a division manager. The three division managers report to the general manager. Each division is subdivided into different departments managed by a department manager. For example, the PAS division has a parts department manager and a service department manager and NCS has a department manager for auto sales and a department manager for truck sales. The following items were contained in the company's most recent responsibility report:

a	Allocated utility cost for NCS division
b	Cost to rent vacant lot for storage of new vehicles
c	Parts revenue for the PAS division
d	Parts shipping/delivery costs
e	Salary of the gerneral manager
f	Salary of the Parts department manager
g	Salary of the PAS division manager
h	Salary of the UCS division manger
I	Sales commisions of UCS sales personnel
J	Service revenue for the PAS division
k	Training costs for mechanics
L	Warranty repair cost

Required:

Identify the items that are likely considered to be controlled by the New Car division.

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