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 $1,216,951 Cost of goods sold Variable 558,500 Fixed 160,500 Selling and administrative Variable 100,000 Fixed 109,000 Noncontrollable foxed 114,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question
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
$1.216,951
Cost of goods sold
Variable
558,500
Fixed
160,500
Selling and administrative
Variable
100,000
Fixed
109,000
Noncontrollable fixed
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 $1.216,951 Cost of goods sold Variable 558,500 Fixed 160,500 Selling and administrative Variable 100,000 Fixed 109,000 Noncontrollable fixed 114,000
CARLA VISTA CO.
Real Estate Products Division
Responsibility Report
2022
Difference
Favorable (F)
Unfavorable (U)
Budget
Actual
Not Applicable (NA)
$4
>
>
>
Transcribed Image Text:CARLA VISTA CO. Real Estate Products Division Responsibility Report 2022 Difference Favorable (F) Unfavorable (U) Budget Actual Not Applicable (NA) $4 > > >
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Compensation and Benefits
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education