=+PR 24-1A Budget performance report for a cost center obj. 2 Browning Transportation Co. has three regional divisions organized as profit centers.

The chief executive officer (CEO) evaluates divisional performance, using income from operations as a percent of revenues. The following quarterly income and expense accounts were provided from the trial balance as of December 31, 2010:

Revenues—East Division $600,000 Revenues—West Division 710,000 Revenues—Metro Division 980,000 Operating Expenses—East Division 362,400 Operating Expenses—West Division 393,540 Operating Expenses—Metro Division 527,760 Corporate Expenses—Shareholder Relations 87,500 Corporate Expenses—Customer Support 300,000 Corporate Expenses—Legal 122,400 General Corporate Officers’ Salaries 204,000