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.
Budget | Actual | ||
---|---|---|---|
Sales | 1,989,600 | 2,183,200 | 193,600 Favourable |
Variable cost | 1,001,800 | 1,044,600 | 42,800 Unfavorable |
Contribution margin | 987,800 | 1,138,600 | 150,800 Favourable |
Controllable fixed cost | 299,500 | 302,200 | 2,700 Unfavorable |
Net income | 688,300 | 836,400 | 148,100 Favourable |
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 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
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...
Brief Exercise 23-07 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...
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...
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...
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...
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...