Homework Answers
Variable cost variance = Budgeted variable cost - Actual variable cost
= $190000 - 180000
= $10000 Favorable
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Assume the Personal Training Division of Health Inc. is operated as an investment center. Sales for...
Assume the Personal Training Division of Health Inc. is operated as an investment center. Sales for...
Assume the Personal Training Division of Health Inc. is operated as an investment center. Sales for the division were budgeted for the year at $415,000. Total variable costs were budgeted at $190,000. Total controllable fixed costs were budgeted at $85,000. Actual results were as follows: Sales: Variable costs: Fixed costs: $400,000 $180,000 $87,000 If average operating assets for the year was $600,000, what is the division's actual ROI? Round answers to two decimal places. 44.50% 22.17% 66.67% 36.67%
The Sports Equipment Division of Harrington Company is operated as a profit center. Sales for the...
The Sports Equipment Division of Harrington Company is operated as a profit center. Sales for the division were budgeted for 2020 at $900,000. The only variable costs budgeted for the division were cost of goods sold ($444,000) and selling and administrative ($64,000). Fixed costs were budgeted at $102,000 for cost of goods sold, $95,000 for selling and administrative, and $74,000 for noncontrollable fixed costs. Actual results for these items were: Sales $889,000 Cost of goods sold Variable 414,000 Fixed 108,000...
Problem 10-4A b c (Essay) Clarke Inc. operates the Patio Furniture Division as a profit center....
Problem 10-4A b c (Essay) Clarke Inc. operates the Patio Furniture Division as a profit center. Operating data for this division for the year ended December 31, 2020, are as shown below. Difference Budget from Budget $2,500,000 $50,000 Favorable 1,300,000 200,000 41,000 Favorable 3,000 Unfavorable Sales Cost of goods sold Variable Controllable fixed Selling and administrative Variable Controllable fixed Noncontrollable fixed costs 220,000 50,000 70,000 6,000 Unfavorable 2,000 Unfavorable 4,000 Unfavorable In addition, Clarke incurs $180,000 of indirect foxed costs...
Exercise 23-16 a-b The Sports Equipment Division of Harrington Company is operated as a profit center....
Exercise 23-16 a-b The Sports Equipment Division of Harrington Company is operated as a profit center. Sales for the division were budgeted for 2020 at $900,000. The only variable costs budgeted for the division were cost of goods sold ($440,000) and selling and administrative ($60,000). Fixed costs were budgeted at $100,000 for cost of goods sold, $90,000 for selling and administrative, and $70,000 for noncontrollable fixed costs. Actual results for these items were: $880,000 408,000 105,000 Sales Cost of goods...
Exercise 23-16 (Part Level Submission) The Sports Equipment Division of Harrington Company is operated as a...
Exercise 23-16 (Part Level Submission) The Sports Equipment Division of Harrington Company is operated as a profit center. Sales for the division were budgeted for 2020 at $900,000. The only variable costs budgeted for the division were cost of goods sold ($440,000) and selling and administrative ($60,000). Fixed costs were budgeted at $100,000 for cost of goods sold, $90,000 for selling and administrative, and $70,000 for noncontrollable fixed costs. Actual results for these items were: $880,000 Sales Cost of goods...
The Sports Equipment Division of Johnson Company is operated as a profit center. Sales for the...
The Sports Equipment Division of Johnson Company is operated as a profit center. Sales for the division were budgeted for 2020 at $899,000. The only variable costs budgeted for the division were cost of goods sold ($439,000) and selling and administrative ($62,000). Fixed costs were budgeted at $104,000 for cost of goods sold, $92,000 for selling and administrative, and $70,000 for noncontrollable fixed costs. Actual results for these items were: Sales $889,000 Cost of goods sold: Variable $414,000 Fixed $106,000...
Clarke Inc. operates the Patio Furniture Division as a profit center. Operating data for this division...
Clarke Inc. operates the Patio Furniture Division as a profit
center. Operating data for this division for the year ended
December 31, 2017, are as shown below.
Problem 24-4A Your answer is partially correct. Try again Clarke Inc. operates the Patio Furniture Division as a profit center. Operating data for this division for the year ended December 31, 2017, are as shown below. Difference Budget from Budget 2,505,900 47,400 Favorable 1,300,400 44,100 Favorable Sales Cost of goods sold Variable Controllable...
Problem 10-4A Clarke Inc. operates the Patio Furniture Division as a profit center. Operating data for...
Problem 10-4A Clarke Inc. operates the Patio Furniture Division as a profit center. Operating data for this division for the year ended December 31, 2017, are as shown below. Difference Budget from Budget $2,495,300 $46,300 Favorable Sales Cost of goods sold Variable 1,291,900 190,200 42,600 Favorable 3,600 Unfavorable Controllable fixed Selling and administrative Variable Controllable fixed 214,600 48,700 69,900 7,900 Unfavorable 1,700 Unfavorable 3,400 Unfavorable Noncontrollable fixed costs In addition, Clarke incurs $183,600 of indirect fixed costs that were budgeted...
Question 4 Clarke Inc. operates the Patio Furniture Division as a profit center. Operating data for...
Question 4 Clarke Inc. operates the Patio Furniture Division as a profit center. Operating data for this division for the year ended December 31, 2017, are as shown below. Difference Budget from Budget $2,501,400 $46,000 Favorable 1,309,500 206,500 39,500 Favorable 3,000 Unfavorable Sales Cost of goods sold Variable Controllable fixed Selling and administrative Variable Controllable fixed Noncontrollable fixed costs 216,2006,900 Unfavorable 50,000 1,700 Unfavorable 73,500 3,700 Unfavorable In addition, Clarke incurs $175,000 of indirect fixed costs that were budgeted at...
Problem 10-4A a (Video) Clarke Inc. operates the Patio Furniture Division as a profit center. Operating...
Problem 10-4A a (Video)
Clarke Inc. operates the Patio Furniture Division as a profit
center. Operating data for this division for the year ended
December 31, 2020, are as shown below.
Budget
Difference
from Budget
Sales
$2,500,300
$47,000
Favorable
Cost of goods sold
Variable
1,305,500
44,500
Favorable
Controllable
fixed
201,100
4,000
Unfavorable
Selling and administrative
Variable
213,000
7,700
Unfavorable
Controllable
fixed
53,100
1,400
Unfavorable
Noncontrollable fixed costs
69,300
3,400
Unfavorable
In addition, Clarke incurs $178,500 of indirect fixed costs that...
Assume the Personal Training Division of Health Inc. is operated as an investment center. Sales for the division were budgeted for the year at $415,000. Total variable costs were budgeted at $190,000. Total controllable fixed costs were budgeted at $85,000. Actual results were as follows: Sales: Variable costs: Fixed costs: $400,000 $180,000 $87,000 If average operating assets for the year was $600,000, what is the division's actual ROI? Round answers to two decimal places. 44.50% 22.17% 66.67% 36.67%
Problem 10-4A b c (Essay) Clarke Inc. operates the Patio Furniture Division as a profit center. Operating data for this division for the year ended December 31, 2020, are as shown below. Difference Budget from Budget $2,500,000 $50,000 Favorable 1,300,000 200,000 41,000 Favorable 3,000 Unfavorable Sales Cost of goods sold Variable Controllable fixed Selling and administrative Variable Controllable fixed Noncontrollable fixed costs 220,000 50,000 70,000 6,000 Unfavorable 2,000 Unfavorable 4,000 Unfavorable In addition, Clarke incurs $180,000 of indirect foxed costs...
Exercise 23-16 a-b The Sports Equipment Division of Harrington Company is operated as a profit center. Sales for the division were budgeted for 2020 at $900,000. The only variable costs budgeted for the division were cost of goods sold ($440,000) and selling and administrative ($60,000). Fixed costs were budgeted at $100,000 for cost of goods sold, $90,000 for selling and administrative, and $70,000 for noncontrollable fixed costs. Actual results for these items were: $880,000 408,000 105,000 Sales Cost of goods...
Exercise 23-16 (Part Level Submission) The Sports Equipment Division of Harrington Company is operated as a profit center. Sales for the division were budgeted for 2020 at $900,000. The only variable costs budgeted for the division were cost of goods sold ($440,000) and selling and administrative ($60,000). Fixed costs were budgeted at $100,000 for cost of goods sold, $90,000 for selling and administrative, and $70,000 for noncontrollable fixed costs. Actual results for these items were: $880,000 Sales Cost of goods...
Clarke Inc. operates the Patio Furniture Division as a profit
center. Operating data for this division for the year ended
December 31, 2017, are as shown below.
Problem 24-4A Your answer is partially correct. Try again Clarke Inc. operates the Patio Furniture Division as a profit center. Operating data for this division for the year ended December 31, 2017, are as shown below. Difference Budget from Budget 2,505,900 47,400 Favorable 1,300,400 44,100 Favorable Sales Cost of goods sold Variable Controllable...
Problem 10-4A Clarke Inc. operates the Patio Furniture Division as a profit center. Operating data for this division for the year ended December 31, 2017, are as shown below. Difference Budget from Budget $2,495,300 $46,300 Favorable Sales Cost of goods sold Variable 1,291,900 190,200 42,600 Favorable 3,600 Unfavorable Controllable fixed Selling and administrative Variable Controllable fixed 214,600 48,700 69,900 7,900 Unfavorable 1,700 Unfavorable 3,400 Unfavorable Noncontrollable fixed costs In addition, Clarke incurs $183,600 of indirect fixed costs that were budgeted...
Question 4 Clarke Inc. operates the Patio Furniture Division as a profit center. Operating data for this division for the year ended December 31, 2017, are as shown below. Difference Budget from Budget $2,501,400 $46,000 Favorable 1,309,500 206,500 39,500 Favorable 3,000 Unfavorable Sales Cost of goods sold Variable Controllable fixed Selling and administrative Variable Controllable fixed Noncontrollable fixed costs 216,2006,900 Unfavorable 50,000 1,700 Unfavorable 73,500 3,700 Unfavorable In addition, Clarke incurs $175,000 of indirect fixed costs that were budgeted at...
Problem 10-4A a (Video)
Clarke Inc. operates the Patio Furniture Division as a profit
center. Operating data for this division for the year ended
December 31, 2020, are as shown below.
Budget
Difference
from Budget
Sales
$2,500,300
$47,000
Favorable
Cost of goods sold
Variable
1,305,500
44,500
Favorable
Controllable
fixed
201,100
4,000
Unfavorable
Selling and administrative
Variable
213,000
7,700
Unfavorable
Controllable
fixed
53,100
1,400
Unfavorable
Noncontrollable fixed costs
69,300
3,400
Unfavorable
In addition, Clarke incurs $178,500 of indirect fixed costs that...
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