Complete the following performance report for profit center P for the month ended December 31. If an
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Actual Variance Master Results Budget $20 $120 Sales (F) Controllable variable costs: Variable cost of goods sold 25 10 (U) Variable selling and administrative 15 Select(F)(U)ltem 5 4 expenses Contribution margin $100 $100 Controllable fixed costs 20 (F) 60 $60 $20 Profit center operating income (F) Performance measures: Number of orders processed 50 20 (F) S0.68 $4.00 Average daily sales (F) Number of units sold 100 40 (F)
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Managerial Accounting
ISBN: 978-0618777181
8th Edition
Authors: Susan V. Crosson, Belverd E. Needles
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