Question: Please show all work Use the following performance report for a profit center of Portia Corporation for the month ended December 31 to answer the
Please show all work
Use the following performance report for a profit center of Portia Corporation for the month ended
December 31 to answer the questions below. CALCULATE AND RECORD ALL OF THE MISSING INFORMATION
| Actual Results | Variance | Master Budget | |
| Sales | $ ? | $5 (F) | $ 185 |
| Controllable variable costs | |||
| Variable cost of goods sold | $ 120 | $5 (U) | $ ? |
| Variable selling and administrative expenses | 10 | ? | 16 |
| Contribution margin | $ 60 | $ ? | $ 54 |
| Controllable fixed costs | ? | 0 | 50 |
| Profit center income | $ ? | $6 (F) | $ ? |
| Performance measures | |||
| Number of orders processed | 30 | 5 (F) | ? |
| Average daily sales | $? | 0.5 (U) | $5.00 |
| Number of units sold | 40 | 5 (F) | ? |
Using the information provided above for Portia Corporation, what were the actual sales?
| a. | $185 |
| b. | $35 |
| c. | $190 |
| d. | $40 |
Using the information provided for Portia Corporation, what was the actual profit center income?
| a. | $10 |
| b. | $6 |
| c. | $4 |
| d. $54
|
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