Optimus Company manufactures a variety of tools and industrial equipment. The company operates through three divisions. Each division is an investment center. Operating data for the Home Division for the year ended December 31, 2020, and relevant budget data are as follows Sales Variable cost of goods sold Variable selling and administrative expenses Controllable hxed cost of goods sold Controllable fand selling and administrative expenses (a) Actual $1,401,000 Your answer is partially correct, 670000 125.000 170,000 79,000 Comparison with Budget $100,000 favorable 56.000 unfavorable 25,000 unfavorable Average operating assets for the year for the Home Division were $2,000,000 which was also the budgeted amount On target On target Prepare a responsibility report for the Home Division (List variable costs before fixed costs. Round ROI to 2 decimal places, eg 1.57%)

Optimus Company manufactures a variety of tools and industrial equipment. The company operates through three divisions. Each division is an investment center. Operating data for the Home Division for the year ended December 31, 2020, and relevant budget data are as follows Sales Variable cost of goods sold Variable selling and administrative expenses Controllable hxed cost of goods sold Controllable fand selling and administrative expenses (a) Actual $1,401,000 Your answer is partially correct, 670000 125.000 170,000 79,000 Comparison with Budget $100,000 favorable 56.000 unfavorable 25,000 unfavorable Average operating assets for the year for the Home Division were $2,000,000 which was also the budgeted amount On target On target Prepare a responsibility report for the Home Division (List variable costs before fixed costs. Round ROI to 2 decimal places, eg 1.57%)

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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