=+PR 24-1B Budget performance report for a cost center obj. 2 Chapter 24 Performance Evaluation for Decentralized Operations 1123 Tri-State Railroad Company organizes its three divisions, the Southeast (SE), East (E), and South (S) regions, 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—SE Region $2,100,000 Revenues—E Region 3,150,000 Revenues—S Region 2,850,000 Operating Expenses—SE Region 1,367,350 Operating Expenses—E Region 2,321,870 Operating Expenses—S Region 1,963,180 Corporate Expenses—Dispatching 165,600 Corporate Expenses—Equipment Management 1,085,000 Corporate Expenses—Treasurer’s 425,000 General Corporate Officers’ Salaries 860,000