Forest Division operates as a profit centre. It reports the following actual results for the year: sales $1.055 million; variable costs $357,000; controllable fixed costs $194,000; and noncontrollable fixed costs $110,000. The annual budgeted amounts were: sales $1.175 million; variable costs $488,200; controllable fixed costs $194,000; and noncontrollable fixed costs $110,000. Prepare a responsibility report for Forest Division at December 31, 2020.

Forest Division operates as a profit centre. It reports the following actual results for the year: sales $1.055 million; variable costs $357,000; controllable fixed costs $ 194,000; and noncontrollable fixed costs $110,000. The annual budgeted amounts were: sales $1.175 million; variable costs $488,200; controllable fixed costs $194,000; and noncontrollable fixed costs $110,000. Prepare a responsibility report for Forest Division at December 31, 2020. FOREST DIVISION Responsibility Report For the Year Ended December 31, 2020 Difference Favourable Unfavourable Budget Actual Neither Favourable nor Unfavourable Variable Costs Sales Contribution Margin Controllable Margin Non-Controllable Fixed Costs Controllable Fixed Costs