The Sports Equipment Division of Harrington Company is operated as a profit center. Sales for the...

 

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The Sports Equipment Division of Harrington Company is operated as a profit center. Sales for the division were budgeted for 2020 at $896,000. The only variable costs budgeted for the division were cost of goods sold ($442,000) and selling and administrative ($65,000). Fixed costs were budgeted at $103,000 for cost of goods sold, $90,000 for selling and administrative, and $73,000 for noncontrollable fixed costs. Actual results for these items were: Sales Cost of goods sold Variable Fixed Selling and administrative $887,000 409,000 105,000 Variable 65,000 Fixed 69,000 Noncontrollable fixed 89,000 (a) Your answer is partially correct. Prepare a responsibility report for the Sports Equipment Division for 2020. (List variable costs before fixed costs.) The Sports Equipment Division of Harrington Company is operated as a profit center. Sales for the division were budgeted for 2020 at $896,000. The only variable costs budgeted for the division were cost of goods sold ($442,000) and selling and administrative ($65,000). Fixed costs were budgeted at $103,000 for cost of goods sold, $90,000 for selling and administrative, and $73,000 for noncontrollable fixed costs. Actual results for these items were: Sales Cost of goods sold Variable Fixed Selling and administrative $887,000 409,000 105,000 Variable 65,000 Fixed 69,000 Noncontrollable fixed 89,000 (a) Your answer is partially correct. Prepare a responsibility report for the Sports Equipment Division for 2020. (List variable costs before fixed costs.)

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