Exercise 10-15 (Video) Horatio Inc. has three divisions which are operated as profit centers. Actual operating data for the divisions listed alphabetically are as follows. Compute the missing amounts. Operating Data Women's Shoes Men's Shoes Children's Shoes Contribution margin $282,420 $188,280 Controllable fixed costs 104,600 (5) Controllable margin (1) 94,140 99,370 Sales 627,600 470,700 (6) Variable costs (2) 334,720 261,500 LINK TO TEXT VIDEO: SIMILAR EXERCISE Prepare a responsibility report for the Women's Shoes Division assuming (1) the data are for the month ended June 30, 2020, and (2) all data equal budget except variable costs which are $5,230 over budget. HORATIO INC. Women's Shoe Division Responsibility Report For the Month Ended June 30, 2020 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual Contribution Margin Controllable Margin Controllable Fixed Costs Fixed Costs Gross Profit Net Income/(Loss) Sales Variable Costs VIDEO: SIMILAR EXERCISE