Horatio Inc. has three divisions which are operated as profitcenters. Actual operating data for the divisions listedalphabetically are as follows. Compute the missing amounts.Operating Data Women’s Shoes Men’s Shoes Children’s ShoesContribution margin $270,000 $ (3) $180,000 Controllable fixedcosts 100,000 (4) (5) Controllable margin (1) 90,000 95,000 Sales600,000 450,000 (6) Variable costs (2) 320,000 250,000 Prepare aresponsibility report for the Women’s Shoes Division assuming (1)the data are for the month ended June 30, 2020, and (2) all dataequal budget except variable costs which are $5,000 over budget.HORATIO INC. Women’s Shoe Division Responsibility Report For theMonth Ended June 30, 2020 Difference Budget Actual FavorableUnfavorable Neither Favorable nor Unfavorable $ $ $ $ $ $
