The sports equipment division of David Davis Company is operated as a profit centre. Sales...
90.2K
Verified Solution
Link Copied!
Question
Accounting
The sports equipment division of David Davis Company is operated as a profit centre. Sales for the division were budgeted for 2022 at $897,000. The only variable costs budgeted for the division were cost of goods sold ($444,000) and selling and administrative costs ($62,000). Fixed costs were budgeted at $102,000 for cost of goods sold, $91,000 for selling and administrative costs, and $70,000 for noncontrollable fixed costs. Actual results were as follows:
Sales
$861,000
Cost of goods sold
Variable
416,000
Fixed
107,000
Selling and administrative costs
Variable
65,000
Fixed
70,000
Noncontrollable fixed costs
95,000
Prepare a responsibility report for the sports equipment division for 2022
Davis DAVIS COMPANY Sports Equipment Division Responsibility Report Budget Actual > $ $ $ $ LA $ $ $ Davis DAVIS COMPANY Sports Equipment Division Responsibility Report Budget Actual Difference Favourable Unfavourable Neither Favourable nor Unfavourable $ $ $
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
