Homework Answers
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1. Controllable margin = Contribution Margin-Controllable fixed costs |
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2.Variable costs = Sales – Contribution margin |
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3.Contribution margin = Sales-Variable costs |
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4.&5. Controllable fixed costs = Contribution Margin - Controllable margin |
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6.Sales = Contribution Margin + Variable costs |
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1 |
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Women’s Shoes |
Men’s Shoes |
Children’s Shoes |
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|
Contribution margin |
290520 |
139880 |
193680 |
|
Controllable fixed costs |
107600 |
43040 |
91460 |
|
Controllable margin |
182920 |
96840 |
102220 |
|
Sales |
645600 |
484200 |
462680 |
|
Variable costs |
355080 |
344320 |
269000 |
|
Women's Shoe division |
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Responsibility Report |
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For the month ended June 30,2020 |
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Budget |
Actual |
Difference |
||
|
Sales |
645600 |
645600 |
0 |
Neither favorable nor unfavorable |
|
Variable costs |
355080 |
360460 |
5380 |
Unfavorable |
|
Contribution margin |
290520 |
285140 |
5380 |
Unfavorable |
|
Controllable fixed costs |
107600 |
107600 |
0 |
Neither favorable nor unfavorable |
|
Controllable margin |
182920 |
177540 |
5380 |
Unfavorable |
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Exercise 25-15 a-b Waterway Inc. has three divisions which are operated as profit centers. Actual operating...
Exercise 10-15 (Video) Horatio Inc. has three divisions which are operated as profit centers. Actual operating...
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 (Video) Horatio Inc. has three divisions which are operated as profit centers. Actual operating...
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...
Exercise 10-15 (Video) Horatio Inc. has three divisions which are operated as profit centers. Actual operating data for...
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 22-15 (Part Level Submission) Horatio Inc. has three divisions which are operated as pront centers....
Exercise 22-15 (Part Level Submission) Horatio Inc. has three divisions which are operated as pront centers. Actual operating data for the divisions listed habetically are as follows: (a) Compute the missing amounts. Operating Data Women's Shoes Men's Shoes Children's Shoes Contribution margin $290,520 $193,680 Controllable fixed costs 107,600 Controllable margin (1) 96,840 102,220 Sales 645,600 484,200 344,320 Variable costs 269,000
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&...
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...
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...
Horatio Inc. has three divisions which are operated as profit centers. Actual operating data for the...
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
$363,420
$
(3)
$242,280
Controllable fixed costs
134,600
(4)
(5)
Controllable margin
(1)
121,140
127,870
Sales
807,600
605,700
(6)
Variable costs
(2)
430,720
336,500
Prepare a responsibility report for the Women’s Shoes Division
assuming (1) the data are for the month ended June 30,...
Question 21 Danner Co. has three divisions which are operated as profit centers. Actual operating data...
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)...
Exercise 22-15 (Part Level Submission) Horatio Inc. has three divisions which are operated as profit centers....
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...
Horatio Inc. has three divisions which are operated as profit centers. Actual operating data for the...
Horatio Inc. has three divisions which are operated as profit centers. Actual operating data for the division listed alphabetically are as follows Compute the musing amounts. Prepare a responsibility report for the women's Shoes Division assuming the data are for the month ended June 30, 2017, and all data equal budget except variable costs which are $5,000 over budget.
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 (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...
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 22-15 (Part Level Submission) Horatio Inc. has three divisions which are operated as pront centers. Actual operating data for the divisions listed habetically are as follows: (a) Compute the missing amounts. Operating Data Women's Shoes Men's Shoes Children's Shoes Contribution margin $290,520 $193,680 Controllable fixed costs 107,600 Controllable margin (1) 96,840 102,220 Sales 645,600 484,200 344,320 Variable costs 269,000
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
$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...
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
$363,420
$
(3)
$242,280
Controllable fixed costs
134,600
(4)
(5)
Controllable margin
(1)
121,140
127,870
Sales
807,600
605,700
(6)
Variable costs
(2)
430,720
336,500
Prepare a responsibility report for the Women’s Shoes Division
assuming (1) the data are for the month ended June 30,...
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)...
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...
Horatio Inc. has three divisions which are operated as profit centers. Actual operating data for the division listed alphabetically are as follows Compute the musing amounts. Prepare a responsibility report for the women's Shoes Division assuming the data are for the month ended June 30, 2017, and all data equal budget except variable costs which are $5,000 over budget.
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