Question: Forest Division operates as a profit centre. It reports the following actual results for the year: sales $1,023,760; variable costs $316,820; controllable fixed costs $199,460;

Forest Division operates as a profit centre. It reports the following actual results for the year: sales $1,023,760; variable costs $316,820; controllable fixed costs $199,460; and non-controllable fixed costs $107,340. The annual budgeted amounts were: sales $1,130,240; variable costs $434,360; controllable fixed costs $199,460; and non-controllable fixed costs $107,340. Prepare a responsibility report for Forest Division at December 31, 2012.

Forest Division operates as a profit centre. It reports the following actual

Forest Division Responsibility Report For the year ended December 31, 2012 Difference Favourable (F) Unfavourable (U) Not Applicable (NA) Budget Actual Contribution margin Controllable fixed costs Controllable margin Non-controllable fixed costs Variable costs Sales NA

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