Ryota Products has an industrial mower division that operates as a profit center. Below is a...
Ryota Products has an industrial mower division that operates as a profit center. Below is a partially completed responsibility report for the first quarter.
|
Responsibility Report |
Actual |
Flexible Budget |
Flexible Budget Variance |
U/F |
Percentage Variance |
U/F |
|
Sales Revenue |
688,100 |
703,000 |
||||
|
Variable Expenses |
309,400 |
322,000 |
||||
|
Contribution Margin |
378,700 |
381,000 |
||||
|
Traceable Fixed Expenses |
372,000 |
368,000 |
||||
|
Division Margin |
6,700 |
13,000 |
Compute the percentage variance for the flexible budget variance for traceable fixed expenses.
(Round
your answer to two decimal places.)
Homework Answers
|
Responsibility report |
Actual |
Flexible Budget |
Flexible Budget variance [ Flexible budget - Actual ] |
U/F |
Percentage variance [ Flexible budget variance / Flexible budget ] |
U/F |
| Sales revenue | 688100 | 703000 | 14900 | U | 2.12% | U |
| Variable expenses | 309400 | 322000 | 12600 | F | 3.91% | F |
| Contribution margin | 378700 | 381000 | 2300 | F | 0.60% | F |
| Traceable fixed expenses | 372000 | 368000 | 4000 | U | 1.09% | U |
| Division Margin | 6700 | 13000 | 6300 | U | 48.46% | U |
| For traceable fixed expenses : | ||
| Percentage variance = ( Flexible budget - Actual ) /Flexible budget = ( 368000 - 372000 ) / 368000 | 1.09% | U |
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Ryota Products has an industrial mower division that operates as
a profit center. Below is a...
Ryota Products has an industrial mower division that operates as a profit center. Below is a...
Ryota Products has an industrial mower division that operates as a profit center. Below is a partially completed responsibility report for the first quarter. Responsibility Report Actual Flexible Budget Flexible Budget Variance U/F Percentage Variance U/F Sales Revenue $688,000 $703,000 Variable Expenses 309,000 320,000 Contribution Margin 379,000 383,000 Traceable Fixed Expenses 371,000 368,000 Division Margin $8,000 $15,000 Compute the percentage variance for the flexible budget variance for traceable fixed expenses. (Round your answer to two decimal places.)
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...
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...
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. Actual Comparison with Budget $1,400,000 $101,000 favorable Sales Variable cost of goods sold Variable selling and administrative expenses Controllable fixed cost of goods sold Controllable fixed selling and administrative expenses 680,000 55,000 unfavorable 124,000 24,000 unfavorable 169,000 On...
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...
Campbell Corporation has four divisions: the assembly division, the processing division, the machining division, and the...
Campbell Corporation has four divisions: the assembly division, the processing division, the machining division, and the packing division. All four divisions are under the control of the vice president of manufacturing. Each division has a manager and several departments that are directed by supervisors. The chain of command runs downward from vice president to division manager to supervisor. The processing division is composed of the paint and finishing departments. The May responsibility reports for the supervisors of these departments follow:...
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...
One subunit of Exercise Sports Company had the following financial results last month: (Click the icon to view the fina...
One subunit of Exercise Sports Company had the following financial results last month: (Click the icon to view the financial results.) Data Table Complete the performance evaluation report for the subunit. (Enter a variance for each account as variance percent as a percentage rounded to two decimal places, X.XX%.) Flexible Budget % Val Subunit x (F Actual Flexible Results Budget $ 480,000 $ 451,000 266,000 251,000 Variance (F or U) 29000 F Subunit x Flexible Budget Net Sales Revenue 6.43...
Optimus Company manufactures a variety of tools and industrial equipment. The company operates through three divisions....
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, 2017, and relevant budget data are as follows. Actual Sales Variable cost of goods sold Variable selling and administrative expenses Controllable fixed cost of goods sold Controllable fixed selling and administrative expenses $1,401,000 676,000 126,000 170,000 79,000 Comparison with Budget $100,000 favorable 55,000 unfavorable 25,000 unfavorable...
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...
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...
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. Actual Comparison with Budget $1,400,000 $101,000 favorable Sales Variable cost of goods sold Variable selling and administrative expenses Controllable fixed cost of goods sold Controllable fixed selling and administrative expenses 680,000 55,000 unfavorable 124,000 24,000 unfavorable 169,000 On...
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...
Campbell Corporation has four divisions: the assembly division, the processing division, the machining division, and the packing division. All four divisions are under the control of the vice president of manufacturing. Each division has a manager and several departments that are directed by supervisors. The chain of command runs downward from vice president to division manager to supervisor. The processing division is composed of the paint and finishing departments. The May responsibility reports for the supervisors of these departments follow:...
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...
One subunit of Exercise Sports Company had the following financial results last month: (Click the icon to view the financial results.) Data Table Complete the performance evaluation report for the subunit. (Enter a variance for each account as variance percent as a percentage rounded to two decimal places, X.XX%.) Flexible Budget % Val Subunit x (F Actual Flexible Results Budget $ 480,000 $ 451,000 266,000 251,000 Variance (F or U) 29000 F Subunit x Flexible Budget Net Sales Revenue 6.43...
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, 2017, and relevant budget data are as follows. Actual Sales Variable cost of goods sold Variable selling and administrative expenses Controllable fixed cost of goods sold Controllable fixed selling and administrative expenses $1,401,000 676,000 126,000 170,000 79,000 Comparison with Budget $100,000 favorable 55,000 unfavorable 25,000 unfavorable...
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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