What are the two major controllable costs as it relates to the operating costs of concessions...
What are the two major controllable costs as it relates to the operating costs of concessions at sports stadiums?
Homework Answers
The two major controllable costs as it relates to the operating costs of concessions at sports stadiums:
- The total cost of goods sold (COGS)
- The Labor Cost
The total cost of goods sold :
It includes cost of food, beverages and related products such as disposable cups, paper products etc.
The Labor Cost :
Labor cost not only includes payroll/salaries, but payroll taxes, medical coverage and other employee benefits.Labor is the most easily controllable cost as it relates to the operating costs of concessions at sports stadiums, so it only makes sense to set up a reporting system that helps managers to stay focused on controlling such cost.
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Problem 22-1A Responsibility accounting performance reports; controllable and budgeted costs LO P1 Billie Whitehorse, the plant...
Problem 22-1A Responsibility accounting performance reports; controllable and budgeted costs LO P1 Billie Whitehorse, the plant manager of Travel Free’s Indiana plant, is responsible for all of that plant’s costs other than her own salary. The plant has two operating departments and one service department. The camper and trailer operating departments manufacture different products and have their own managers. The office department, which Whitehorse also manages, provides services equally to the two operating departments. A budget is prepared for each...
Just comparing 10) The current controllable margin for Stom Division is S124,000. Its current operating assets...
Just comparing
10) The current controllable margin for Stom Division is S124,000. Its current operating assets are $400,000. The division is considering purchasing equipment for $120,000 that will increase annual controllable margin by an estimated S20,000. If the equipment is purchased, what will happen to the return on investment for Stom Division? a. b. C. d. An increase of 16.1% A decrease of 13.3% A decrease of 3.3% A decrease of 7.2%
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Problem 22.1A Responsibility accounting performance reports; controllable and budgeted costs LO P1 Billie Whitehorse, the plant...
Problem 22.1A Responsibility accounting performance reports; controllable and budgeted costs LO P1 Billie Whitehorse, the plant manager of Travel Free's Indiana plant, is responsible for all of that plant's costs other than her own salary The plant has two operating departments and one service department. The comper and trailer operating departments manufacture different products and have their own managers. The office department, which Whitehorse also manages, provides services equally to the two operating departments. A budget is prepared for each...
The service division of Raney Industries reported the following results for 2020. Sales Variable costs Controllable fixed costs Average operating assets $535,000 321,000 101,140 594,000 Management is considering the following independent courses of action in 2021 in order to maximize the return on investment for this division. 1. Reduce average operating assets by $176,000, with no change in controllable margin. 2. Increase sales $127,710, with no change in the contribution margin percentage. Compute the controllable margin and the return on...
Problem 22-1A Responsibility accounting performance reports; controllable and budgeted costs LO P1 Billie Whitehorse, the plant manager of Travel Free's Indiana plant, is responsible for all of that plant's costs other than her own salary. The plant has two operating departments and one service department. The camper and trailer operating departments manufacture different products and have their own managers. The office department, which Whitehorse also manages, provides services equally to the two operating departments. A budget is prepared for each...
Problem 22.1A Responsibility accounting performance reports; controllable and budgeted costs LO P1 Billie Whitehorse, the plant manager of Travel Free's Indiane plant is responsible for all of that plant's costs other than her own salary The plant has two operating departments and one service department. The comper and trailer Operating departments manufacture different products and have their own managers. The office department, which Whitehorse also manages provides services equally to the two operating departments. A budget is prepared for each...
Bajalia Company compiled the following information for the year: Average operating assets Controllable margin $6,400,000 $ 800,000 Bajalia's corporate office expects the division to earn a minimum return of 10%. If Bajalia buys a new machine costing $120,000 that is expected to generate additional controllable margin of $12,000, what happens to ROI? O It will decrease to 12.45%. It will be 10%. O It will increase to 12.69%. O It will be 12.5%.
Just comparing
10) The current controllable margin for Stom Division is S124,000. Its current operating assets are $400,000. The division is considering purchasing equipment for $120,000 that will increase annual controllable margin by an estimated S20,000. If the equipment is purchased, what will happen to the return on investment for Stom Division? a. b. C. d. An increase of 16.1% A decrease of 13.3% A decrease of 3.3% A decrease of 7.2%
Saved Problem 22-1A Responsibility accounting performance reports; controllable and budgeted costs LO P1 Billie Whitehorse, the plant manager of Travel Free's Indiana plant, is responsible for all of that plant's costs other than her own salary. The plant has two operating departments and one service department. The camper and trailer operating departments manufacture different products and have their own managers. The office department, which Whitehorse also manages, provides services equally to the two operating departments. A budget is prepared for...
Problem 22.1A Responsibility accounting performance reports; controllable and budgeted costs LO P1 Billie Whitehorse, the plant manager of Travel Free's Indiana plant, is responsible for all of that plant's costs other than her own salary The plant has two operating departments and one service department. The comper and trailer operating departments manufacture different products and have their own managers. The office department, which Whitehorse also manages, provides services equally to the two operating departments. A budget is prepared for each...
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