The Real Estate Products Division of Cullumber Co. is operated as a profit center. Sales for the division were budgeted for 2022 at $1,306,000. The only variable costs budgeted for the division were cost of goods sold ($638,000) and selling and administrative ($94,000). Fixed costs were budgeted at $158,000 for cost of goods sold, $141,000 for selling and administrative costs, and $109,000 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 $1,230,008 566,000 170,500 110,000 114,000 119,000

The Real Estate Products Division of Cullumber Co. is operated as a profit center. Sales for the division were budgeted for 2022 at $1,306,000. The only variable costs budgeted for the division were cost of goods sold ($638,000) and selling and administrative ($94,000). Fixed costs were budgeted at $158,000 for cost of goods sold, $141,000 for selling and administrative costs, and $109,000 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 $1,230,008 566,000 170,500 110,000 114,000 119,000

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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