Chapter 24 Checkpoint Name The Patio Furniture Division of Clarke Company operates as a profit center. Data for the year 2017 is as follows: Sales Cost of Goods Sold Variable F ixed Selling and Administrative Variable Fixed Actual 239,000 226,000 126,000 Budget 235,000 220,000 120,000 The budget for fixed cost of goods sold include $35,000 of indirect fixed costs; the actual for fixed cost of goods sold includes $36,000 of indirect fixed costs. The budget for fixed selling and administrative costs includes $70,000 of indirect fixed costs; the actual for selling and administrative costs includes of indirect fixed costs. REQUIRED: A. Prepare a responsibility report for the Patio Furniture Division for 2017. B. Ifthe Patio Furniture Division was operated as an investment center and the budgeted operating assets were and the actual operating assets compute the budgeted and actual return on investment. ales Variable Costs: Cost of Goods Sold Selling and Administrative Total Variable Costs Contribution Margin Controllable Fixed Costs: Cost of Goods Sold Selling and Administrative Total Fixed Costs Controllable Margin Clarke Company Patio Furniture Division Res onsibili Re rt Actual Bud et Difference Favorable Unfa vorable