Homework Answers
| TORRES COMPANY | |||||
| Water Division | |||||
| Responsibility Report | |||||
| For the Year Ended December 31, 2020 | |||||
| Difference | |||||
| Budget | Actual | Favorable Unfavorable Neither favorable nor Unfavorable | |||
| a | Sales | $ 1,900,000 | $ 2,180,000 | $ 280,000 | Favorable |
| b | Variable costs | $ 1,000,000 | $ 1,040,000 | $ 40,000 | Unfavorable |
| c | Contribution Margin (a-b) | $ 900,000 | $ 1,140,000 | $ 240,000 | Favorable |
| d | Controllable Fixed Costs | $ 295,000 | $ 302,000 | $ 7,000 | Unfavorable |
| e | Controllable Margin (c-d) | $ 605,000 | $ 838,000 | $ 233,000 | Favorable |
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Torres Company accumulates the following summary data for the year ending December 31, 2020, for its Water Division, which it operates as a profit center: sales–$2,076,800 budget, $2,240,000 actual; variable costs-$1,002,000 budget, $1,054,100 actual; and controllable fixed costs-$298,600 budget, $303,800 actual. Prepare a responsibility report for the Water Division for the year ending December 31, 2020. TORRES COMPANY Water Division Responsibility Report For the Year Ended December 31, 2020 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual
CUTERALLS PIUg Torres Company accumulates the following summary data for the year ending December 31, 2020, for its Water Division, which it operates as a profit center. sales-$1,958,600 budget, $2,207,500 actual; variable costs-$1,016,900 budget, $1,053,700 actual; and controllable foed costs-$296,000 budget, $303,700 actual. Prepare a responsibility report for the Water Division for the year ending December 31, 2020 TORRES COMPANY Water Division Responsibility Report For the Year Ended December 31, 2020 Difference Favorable Unfavorable Neither Favorable Budget Actual nor Unfavorable...
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Question 6 View Policies Current Attempt in Progress For the year ending December 31, 2020, Cobb Company accumulates the following data for the Plastics Division which it operates as an investment center: contribution margin- $792,700 budget, $799,328 actual; controllable foed costs-$301,700 budget, $304400 actual. Average operating assets for the year were $1,964,000. Prepare a responsibility report for the Plastics Division beginning with contribution margin for the year ending December 31, 2020. (Round ROf to 1 declmal place, eg. 1.5%) COBB...
sontents/32442ourmodule item du 10676027 Send to Gradebook < Prev Next > Question 2 View Policies Current Attempt in Progress Torres Company accumulates the following summary data for the year ending December 31, 2020, for its Water Division, which it operates as a profit center: sales -$2,080,900 budget, $2,193,600 actual: variable costs-$1,016,900 budget. $1,049,500 actual; and controllable fixed costs-$298,400 budget, $304.900 actual. Prepare a responsibility report for the Water Division for the year ending December 31, 2020. TORRES COMPANY Water Division...
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