Sheridan Kicks Co. has three divisions which are operated as profit centers. Actual operating data for...
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Sheridan Kicks Co. has three divisions which are operated as profit centers. Actual operating data for the divisions listed alphabetically are as follows. Operating Data Contribution margin Controllable fixed costs Controllable margin Sales Variable costs Women's Shoes $294,000 137,000 (1) 821,000 (2) Men's Shoes (3) (4) $2.000 501,000 337,000 Children's Shoes $234,000 (5) 103,000 (6) 257,000 Compute the missing amounts. Prepare a responsibility report for the Women's Shoe Division assuming (1) the data are for the month ended June 30, 2022, and (2) all actual data equal budgeted data except variable costs which are $22,000 over budget. Prepare a responsibility report for the Women's Shoe Division assuming (1) the data are for the month ended June 30, 2022, and (2) all actual data equal budgeted data except variable costs which are $22,000 over budget. Sheridan Kicks Co. has three divisions which are operated as profit centers. Actual operating data for the divisions listed alphabetically are as follows. Operating Data Contribution margin Controllable fixed costs Controllable margin Sales Variable costs Women's Shoes $294,000 137,000 (1) 821,000 (2) Men's Shoes (3) (4) $2.000 501,000 337,000 Children's Shoes $234,000 (5) 103,000 (6) 257,000 Compute the missing amounts. Prepare a responsibility report for the Women's Shoe Division assuming (1) the data are for the month ended June 30, 2022, and (2) all actual data equal budgeted data except variable costs which are $22,000 over budget. Prepare a responsibility report for the Women's Shoe Division assuming (1) the data are for the month ended June 30, 2022, and (2) all actual data equal budgeted data except variable costs which are $22,000 over budget.
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Answer rating: 100% (QA)
1 Calculation of the missing amounts for each division Womens Shoes To find the missing values we need to use the contribution margin formula Contribu... View the full answer
Related Book For
Accounting Principles
ISBN: 978-1119411482
13th edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Posted Date:
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