Homework Answers
RESPONSIBILITY STATEMENT
| Particulars | Budgeted | Actual | Difference | Favorable or Unfavorable | |
| A | B | (A-B) | |||
| Sales | 1924900 | 2263100 | -338200 | Favorable | |
| less ; | Variable cost | 1018100 | 1059600 | -41500 | Unfavorable |
| Contribution | 906800 | 1203500 | -296700 | Favorable | |
| less ; | Fixed cost | 298800 | 302600 | -3800 | unfavorable |
| net operating income | 608000 | 900900 | -292900 | Favorable |
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Brief Exercise 23-07 Torres Company accumulates the following summary data for the year ending December 31,...
Torres Company accumulates the following summary data for the year ending December 31, 2020, for its...
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- $1,924,900 budget, $2,263,100 actual; variable costs $1,018,100 budget, $1,059,600 actual; and controllable fixed costs-$298,800 budget, $302,600 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
Brief Exercise 23-07 Your answer is partially correct. Try again. Torres Company accumulates the following summary...
Brief Exercise 23-07 Your answer is partially correct. Try again. 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-$1,924,900 budget, $2,263,100 actual; variable costs-$1,018,100 budget, $1,059,600 actual; and controllable fixed costs-$298,800 budget, $302.600 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...
Torres Company accumulates the following summary data for the year ending December 31, 2020, for its...
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-$2,011,200 budget, $2,210,800 actual; variable costs $1,009,600 budget, $1,051,900 actual, and controllable fixed costs-$299,800 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
Torres Company accumulates the following summary data for the year ending December 31, 2020, for its...
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,...
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...
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...
Torres Company accumulates the following summary data for the year ending December 31, 2020, for its Water Division, whi...
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—$1,935,600 budget, $2,243,000
actual; variable costs—$1,016,200 budget, $1,051,200 actual; and
controllable fixed costs—$297,600 budget, $303,400 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
Budget
Actual
Favorable
Unfavorable
Neither Favorable
nor Unfavorable
Select an...
Torres Company accumulates the following summary data for the year ending December 31, 2020, for its...
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—$2,021,500 budget, $2,183,800
actual; variable costs—$1,001,600 budget, $1,044,200 actual; and
controllable fixed costs—$299,100 budget, $302,200 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
Budget
Actual
Favorable
Unfavorable
Neither Favorable
nor Unfavorable
Select an...
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...
Torres Company accumulates the following summary data for the year ending December 31, 2020, for its...
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—$1,989,600 budget, $2,183,200 actual; variable costs—$1,001,800 budget, $1,044,600 actual; and controllable fixed costs—$299,500 budget, $302,200 actual. Prepare a responsibility report for the Water Division for the year ending December 31, 2020.
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- $1,924,900 budget, $2,263,100 actual; variable costs $1,018,100 budget, $1,059,600 actual; and controllable fixed costs-$298,800 budget, $302,600 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
Brief Exercise 23-07 Your answer is partially correct. Try again. 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-$1,924,900 budget, $2,263,100 actual; variable costs-$1,018,100 budget, $1,059,600 actual; and controllable fixed costs-$298,800 budget, $302.600 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...
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-$2,011,200 budget, $2,210,800 actual; variable costs $1,009,600 budget, $1,051,900 actual, and controllable fixed costs-$299,800 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
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...
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...
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—$1,935,600 budget, $2,243,000
actual; variable costs—$1,016,200 budget, $1,051,200 actual; and
controllable fixed costs—$297,600 budget, $303,400 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
Budget
Actual
Favorable
Unfavorable
Neither Favorable
nor Unfavorable
Select an...
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—$2,021,500 budget, $2,183,800
actual; variable costs—$1,001,600 budget, $1,044,200 actual; and
controllable fixed costs—$299,100 budget, $302,200 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
Budget
Actual
Favorable
Unfavorable
Neither Favorable
nor Unfavorable
Select an...
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...
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