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Exercise 10-15 (Video)
Horatio Inc. has three divisions which are operated as profit
centers. Actual operating data for the divisions listed
alphabetically are as follows.
Compute the missing amounts.
Operating Data
Women’s Shoes
Men’s Shoes
Children’s Shoes
Contribution margin
$302,400
$
(3)
$201,600
Controllable fixed costs
112,000
(4)
(5)
Controllable margin
(1)
100,800
106,400
Sales
672,000
504,000
(6)
Variable costs
(2)
358,400
280,000
Prepare a responsibility report for the Women’s Shoes Division
assuming (1) the data are for the month...
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Exercise 10-15 (Video) Horatio Inc. has three divisions which are operated as profit centers. Actual operating data for the divisions listed alphabetically are as follows. Compute the missing amounts. Operating Data Women's Shoes Men's Shoes Children's Shoes $208,080 Contribution margin $312,120 (3) Controllable fixed costs 115,600 (5) Controllable margin (1) 104,040 109,820 Sales 693,600 520,200 Variable costs (2) 369,920 289,000 Prepare a responsibility report for the Women's Shoes Division assuming (1) the data are for the month ended June 30,...
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Exercise 10-15 Horatio Inc. has three divisions which are operated as profit centers. Actual operating data for the divisions listed alphabetically are as follows: Compute the missing amounts. Women's Shoes $281,880 104,400 Men's Shoes Children's Shoes Operating Data Contribution margin Controllable fixed costs Controllable margin Sales Variable costs (3) $187,920 99,180 93,960 626,400 469,800 334,080 261,000 Prepare a responsibility report for the Women's Shoes Division assuming (1) the data are for the month ended June 30, 2017, and (2) all...
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Exercise 10-15 (Video) Horatio Inc. has three divisions which are operated as profit centers. Actual operating data for the divisions listed alphabetically are as follows. Compute the missing amounts. Operating Data Women's Shoes Men's Shoes Children's Shoes Contribution margin $337,500 162500 (3) $225,000 Controllable fixed costs 125,000 50000 (4) 106250 (5) Controllable margin 212500 (1) 112,500 118,750 Sales 750,000 562,500 537500 (6) Variable costs 412500 (2) 400,000 312,500 Prepare a responsibility report for the Women's Shoes Division assuming (1) the...
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Exercise 10-15 (Video) Horatio Inc. has three divisions which are operated as profit centers. Actual operating data for the divisions listed alphabetically are as follows. Compute the missing amounts. Operating Data Women's Shoes Men's Shoes Children's Shoes Contribution margin $271,620 (3) $181,080 Controllable fixed costs 100,600 (5) Controllable margin (1) 90,540 95,570 Sales 603,600 452,700 (6) Variable costs Variable costs (2) 321,920 251,500 Prepare a responsibility report for the Women's Shoes Division assuming (1) the data are for the month...
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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—$2,021,500 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...
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Question 21
Danner Co. has three divisions which are operated as profit
centers. Actual operating data for the divisions listed
alphabetically are as follows.
Operating
Data
Women's
Shoes
Men's
Shoes
Children's Shoes
Contribution margin
$280,000
(3)
$220,000
Controllable fixed costs
130,000
(4)
(5)
Controllable margin
(1)
$90,000
96,000
Sales
800,000
480,000
(6)
Variable costs
(2)
330,000
250,000
Compute the missing amounts.
Operating Data
Women's Shoes
Men's Shoes
Children's Shoes
Contribution margin
$280,000
$
(3)
$220,000
Controllable fixed costs
130,000
(4)...
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Horatio Inc. has three divisions which are operated as profit
centers. Actual operating data for the divisions listed
alphabetically are as follows.
(a)
Compute the missing amounts.
Operating Data
Women’s Shoes
Men’s Shoes
Children’s Shoes
Contribution margin
$270,540
$
(3)
$180,360
Controllable fixed costs
100,200
(4)
(5)
Controllable margin
(1)
90,180
95,190
Sales
601,200
450,900
(6)
Variable costs
(2)
320,640
250,500
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Exercise 22-15 (Part Level Submission) Horatio Inc. has three divisions which are operated as profit centers. Actual operating data for the divisions listed alphabetically are as follows. (a) Your answer is correct. Compute the missing amounts. Operating Data Women's Shoes Men's Shoes Children's Shoes Contribution margin $330,480 L $220,320 159120(3) 48960(4) 1 Controllable fixed costs 122,400 104040(5) Controllable margin 110,160 116,280 208080 734,400 Sales 550,800 526320 (6) Variable costs T 403920 (2) 391,680 306,000 Click if you would like to...
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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...
Exercise 10-15 (Video)
Horatio Inc. has three divisions which are operated as profit
centers. Actual operating data for the divisions listed
alphabetically are as follows.
Compute the missing amounts.
Operating Data
Women’s Shoes
Men’s Shoes
Children’s Shoes
Contribution margin
$302,400
$
(3)
$201,600
Controllable fixed costs
112,000
(4)
(5)
Controllable margin
(1)
100,800
106,400
Sales
672,000
504,000
(6)
Variable costs
(2)
358,400
280,000
Prepare a responsibility report for the Women’s Shoes Division
assuming (1) the data are for the month...
Exercise 10-15 (Video) Horatio Inc. has three divisions which are operated as profit centers. Actual operating data for the divisions listed alphabetically are as follows. Compute the missing amounts. Operating Data Women's Shoes Men's Shoes Children's Shoes $208,080 Contribution margin $312,120 (3) Controllable fixed costs 115,600 (5) Controllable margin (1) 104,040 109,820 Sales 693,600 520,200 Variable costs (2) 369,920 289,000 Prepare a responsibility report for the Women's Shoes Division assuming (1) the data are for the month ended June 30,...
Exercise 10-15 Horatio Inc. has three divisions which are operated as profit centers. Actual operating data for the divisions listed alphabetically are as follows: Compute the missing amounts. Women's Shoes $281,880 104,400 Men's Shoes Children's Shoes Operating Data Contribution margin Controllable fixed costs Controllable margin Sales Variable costs (3) $187,920 99,180 93,960 626,400 469,800 334,080 261,000 Prepare a responsibility report for the Women's Shoes Division assuming (1) the data are for the month ended June 30, 2017, and (2) all...
Exercise 10-15 (Video) Horatio Inc. has three divisions which are operated as profit centers. Actual operating data for the divisions listed alphabetically are as follows. Compute the missing amounts. Operating Data Women's Shoes Men's Shoes Children's Shoes Contribution margin $337,500 162500 (3) $225,000 Controllable fixed costs 125,000 50000 (4) 106250 (5) Controllable margin 212500 (1) 112,500 118,750 Sales 750,000 562,500 537500 (6) Variable costs 412500 (2) 400,000 312,500 Prepare a responsibility report for the Women's Shoes Division assuming (1) the...
Exercise 10-15 (Video) Horatio Inc. has three divisions which are operated as profit centers. Actual operating data for the divisions listed alphabetically are as follows. Compute the missing amounts. Operating Data Women's Shoes Men's Shoes Children's Shoes Contribution margin $271,620 (3) $181,080 Controllable fixed costs 100,600 (5) Controllable margin (1) 90,540 95,570 Sales 603,600 452,700 (6) Variable costs Variable costs (2) 321,920 251,500 Prepare a responsibility report for the Women's Shoes Division assuming (1) the data are for the month...
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...
Question 21
Danner Co. has three divisions which are operated as profit
centers. Actual operating data for the divisions listed
alphabetically are as follows.
Operating
Data
Women's
Shoes
Men's
Shoes
Children's Shoes
Contribution margin
$280,000
(3)
$220,000
Controllable fixed costs
130,000
(4)
(5)
Controllable margin
(1)
$90,000
96,000
Sales
800,000
480,000
(6)
Variable costs
(2)
330,000
250,000
Compute the missing amounts.
Operating Data
Women's Shoes
Men's Shoes
Children's Shoes
Contribution margin
$280,000
$
(3)
$220,000
Controllable fixed costs
130,000
(4)...
Horatio Inc. has three divisions which are operated as profit
centers. Actual operating data for the divisions listed
alphabetically are as follows.
(a)
Compute the missing amounts.
Operating Data
Women’s Shoes
Men’s Shoes
Children’s Shoes
Contribution margin
$270,540
$
(3)
$180,360
Controllable fixed costs
100,200
(4)
(5)
Controllable margin
(1)
90,180
95,190
Sales
601,200
450,900
(6)
Variable costs
(2)
320,640
250,500
Exercise 22-15 (Part Level Submission) Horatio Inc. has three divisions which are operated as profit centers. Actual operating data for the divisions listed alphabetically are as follows. (a) Your answer is correct. Compute the missing amounts. Operating Data Women's Shoes Men's Shoes Children's Shoes Contribution margin $330,480 L $220,320 159120(3) 48960(4) 1 Controllable fixed costs 122,400 104040(5) Controllable margin 110,160 116,280 208080 734,400 Sales 550,800 526320 (6) Variable costs T 403920 (2) 391,680 306,000 Click if you would like to...
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...