Forest Division operates as a profit centre. It reports the following actual results for the year: sales $1,023,760; variable costs $316,820; controllable fixed costs $199,460; and non-controllable fixed costs $107,340.

The annual budgeted amounts were: sales $1,130,240; variable costs $434,360; controllable fixed costs $199,460; and non-controllable fixed costs $107,340.

Prepare a responsibility report for Forest Division at December 31, 2012.

 

Transcribed Image Text:

Forest Division Responsibility Report For the year ended December 31, 2012 Difference Favourable (F) Unfavourable (U) Not Applicable (NA) Budget Actual Contribution margin Controllable fixed costs Controllable margin NA F Non-controllable fixed costs Variable costs Sales Forest Division Responsibility Report For the year ended December 31, 2012 Difference Favourable (F) Unfavourable (U) Not Applicable (NA) Budget Actual Contribution margin Controllable fixed costs Controllable margin NA F Non-controllable fixed costs Variable costs Sales

Answer rating: 100% (QA)

FOREST DIVISION RESPONSIBILITY REPORT FOR THE YEAR ENDED DECEMBER 312012 PARTICUALR... View the full answer