Homework Answers
| Budget | Actual | Difference | |||
| Contribution margin | $ 7,42,140 | $ 7,59,125 | $ 16,985 | Favorable | |
| Less: | Controllable Fixed cost | $ 2,98,400 | $ 3,05,300 | $ 6,900 | Unfavorable |
| (i) | Controllable margin | $ 4,43,740 | $ 4,53,825 | $ 10,085 | Favorable |
| [(i) / $2020000] | Return on Investment | 22.0% | 22.5% | 0.5% | Favorable |
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Current Progress Prepare responsibility reportfor the Plastica Division begening with contribution margh for the your enting...
Question 6 View Policies Current Attempt in Progress For the year ending December 31, 2020, Cobb...
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...
EYPLUS Support Question 4 --/1.5 View Policies Current Attempt In Progress For the year ending December...
EYPLUS Support Question 4 --/1.5 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-5671,110 budget, 5695,741 actual controllable foxed costs --$298,900 budget, $305.900 actual. Average operating assets for the year were $1.959,000. Prepare a responsibility report for the Plastics Division beginning with contribution margin for the year ending December 31, 2020. (Round Rol to 1 decimal place,...
wwYwcIn Current Attempt in Progress Torres Company accumulates the following summary data for the year ending...
wwYwcIn Current Attempt in Progress Torres Company accumulates the following summary data for the year ending December 31, 2020, for ts Water Division, which it operates as a profit center: sales-$2,062,700 budget, $2,288,100 actual; variable costs-$1,000,900 budget, $1,055,500 actual; and controllable fixed costs- $299,000 budget, $303,900 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...
For the year ending December 31, 2020, Cobb Company accumulates the following data for the Plastics...
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-$658,580 budget, $676,782 actual; controllable fixed costs- $301,100 budget, $305,400 actual. Average operating assets for the year were $1,986,000. Prepare a responsibility report for the Plastics Division beginning with contribution margin for the year ending December 31, 2020. (Round ROI to 1 decimal place, e.g. 1.5%.) COBB COMPANY Plastics Division Responsibility Report For the Year...
For the year ending December 31, 2020, Cobb Company accumulates the following data for the Plastics...
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-$690,700 budget, $704,536 actual; controllable fixed costs-$298,900 budget, $304,900 actual. Average operating assets for the year were $1,959,000. Prepare a responsibility report for the Plastics Division beginning with contribution margin for the year ending December 31, 2020. (Round ROI to 1 decimal place, e.g. 1.5%.) COBB COMPANY Plastics Division Responsibility Report For the Year Ended...
Brief Exercise 23-08 For the year ending December 31, 2020, Cobb Company accumulates the following data...
Brief Exercise 23-08 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-$612,950 budget, $622,669 actual; controllable fixed costs-5302,000 budget, $305,500 actual. Average operating assets for the year were $2,073,000. Prepare a responsibility report for the Plastics Division beginning with contribution margin for the year ending December 31, 2020. (Round ROI to 1 decimal place, e.g. 1.5%.) COBB COMPANY Plastica Division Responsibility Report For...
Current Attempt in Progress For the year ending December 31, 2020, Cobb Company accumulates the following...
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- $612,200 budget, $629,685 actual; controllable fixed costs-$299,400 budget, $303,200 actual. Average operating assets for the year were $1,955,000. Prepare a responsibility report for the Plastics Division beginning with contribution margin for the year ending December 31, 2020. (Round ROI to 1 decimal place, e.g. 1.5%.) со Pla Respo Cartha Vaar!
For the year ending December 31, 2020, Sunland Company accumulates the following data for the Plastics...
For the year ending December 31, 2020, Sunland Company
accumulates the following data for the Plastics Division which it
operates as an investment center: contribution margin—$787,420
budget, $803,988 actual; controllable fixed costs—$300,700 budget,
$305,100 actual. Average operating assets for the year were
$2,028,000.
Prepare a responsibility report for the Plastics Division beginning
with contribution margin for the year ending December 31, 2020.
(Round ROI to 1 decimal place, e.g.
1.5%.)
SUNLAND COMPANY
Plastics Division
Responsibility Report
For the Year Ended...
For the year ending December 31, 2017, Flounder Company accumulates the following data for the Plastics...
For the year ending December 31, 2017, Flounder Company accumulates the following data for the Plastics Division which it operates as an investment center contribution margin-$704,000 budget, $718,900 actual controllable fixed costs $274,000 budget. $276,000 actual. Average operating assets for the year were $2,150,000. Prepare a responsibility report for the Plastics Division beginning with contribution margin (Round ROI to 1 decimal place, s. 15) FLOUNDER COMPANY Plastics Division Responsibility Report For the Year Ended December 31, 2017 : Difference Favorable/Unfavorable...
Question 7 View Policies Current Attempt in Progress Optimus Company manufactures a variety of tools and...
Question 7 View Policies Current Attempt in Progress 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 fixed cost of goods sold Controllable fixed selling and administrative expenses Actual $1,399,000 680.000 124,000 171,000 81,000 Comparison...
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...
EYPLUS Support Question 4 --/1.5 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-5671,110 budget, 5695,741 actual controllable foxed costs --$298,900 budget, $305.900 actual. Average operating assets for the year were $1.959,000. Prepare a responsibility report for the Plastics Division beginning with contribution margin for the year ending December 31, 2020. (Round Rol to 1 decimal place,...
wwYwcIn Current Attempt in Progress Torres Company accumulates the following summary data for the year ending December 31, 2020, for ts Water Division, which it operates as a profit center: sales-$2,062,700 budget, $2,288,100 actual; variable costs-$1,000,900 budget, $1,055,500 actual; and controllable fixed costs- $299,000 budget, $303,900 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...
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-$658,580 budget, $676,782 actual; controllable fixed costs- $301,100 budget, $305,400 actual. Average operating assets for the year were $1,986,000. Prepare a responsibility report for the Plastics Division beginning with contribution margin for the year ending December 31, 2020. (Round ROI to 1 decimal place, e.g. 1.5%.) COBB COMPANY Plastics Division Responsibility Report For the Year...
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-$690,700 budget, $704,536 actual; controllable fixed costs-$298,900 budget, $304,900 actual. Average operating assets for the year were $1,959,000. Prepare a responsibility report for the Plastics Division beginning with contribution margin for the year ending December 31, 2020. (Round ROI to 1 decimal place, e.g. 1.5%.) COBB COMPANY Plastics Division Responsibility Report For the Year Ended...
Brief Exercise 23-08 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-$612,950 budget, $622,669 actual; controllable fixed costs-5302,000 budget, $305,500 actual. Average operating assets for the year were $2,073,000. Prepare a responsibility report for the Plastics Division beginning with contribution margin for the year ending December 31, 2020. (Round ROI to 1 decimal place, e.g. 1.5%.) COBB COMPANY Plastica Division Responsibility Report For...
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- $612,200 budget, $629,685 actual; controllable fixed costs-$299,400 budget, $303,200 actual. Average operating assets for the year were $1,955,000. Prepare a responsibility report for the Plastics Division beginning with contribution margin for the year ending December 31, 2020. (Round ROI to 1 decimal place, e.g. 1.5%.) со Pla Respo Cartha Vaar!
For the year ending December 31, 2020, Sunland Company
accumulates the following data for the Plastics Division which it
operates as an investment center: contribution margin—$787,420
budget, $803,988 actual; controllable fixed costs—$300,700 budget,
$305,100 actual. Average operating assets for the year were
$2,028,000.
Prepare a responsibility report for the Plastics Division beginning
with contribution margin for the year ending December 31, 2020.
(Round ROI to 1 decimal place, e.g.
1.5%.)
SUNLAND COMPANY
Plastics Division
Responsibility Report
For the Year Ended...
For the year ending December 31, 2017, Flounder Company accumulates the following data for the Plastics Division which it operates as an investment center contribution margin-$704,000 budget, $718,900 actual controllable fixed costs $274,000 budget. $276,000 actual. Average operating assets for the year were $2,150,000. Prepare a responsibility report for the Plastics Division beginning with contribution margin (Round ROI to 1 decimal place, s. 15) FLOUNDER COMPANY Plastics Division Responsibility Report For the Year Ended December 31, 2017 : Difference Favorable/Unfavorable...
Question 7 View Policies Current Attempt in Progress 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 fixed cost of goods sold Controllable fixed selling and administrative expenses Actual $1,399,000 680.000 124,000 171,000 81,000 Comparison...
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