Horatio Inc. has three divisions which are operated as profit centers. Actual operating data for...
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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. Compute the missing amounts. Operating Data Women's Shoes Men's Shoes Children's Shoes Contribution margin $272,160 (3) $181,440 Controllable fixed costs 100,800 (4) (5) Controllable margin (1) 90,720 95,760 Sales 604,800 453,600 (6) Variable costs (2) 322,560 252,000 Prepare a responsibility report for the Women's Shoes Division assuming (1) the data are for the month ended June 30, 2020, and (2) all data equal budget except variable costs which are $5,040 over budget. HORATIO INC. Women's Shoe Division Responsibility Report For the Month Ended June 30, 2020 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual
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