The sports equipment division of Brandon McCarthy Company is operated as a profit centre. Sales for...
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The sports equipment division of Brandon McCarthy Company is operated as a profit centre. Sales for the division were budgeted for 2020 at $896,000. The only variable costs budgeted for the division were cost of goods sold ($442,000) and selling and administrative costs ($65,000). Fixed costs were budgeted at $103,000 for cost of goods sold, $90,000 for selling and administrative costs, and $73,000 for noncontrollable fixed costs. Actual results were as follows: Sales $867,000 Cost of goods sold Variable 409,000 Fixed 105,000 Selling and administrative costs Variable 65,000 Fixed 69,000 Noncontrollable fixed costs 89,000 (a) Prepare a responsibility report for the sports equipment division for 2020. (List variable costs before fixed costs. If an answer is zero, please enter 0. Do not leave any fields blank.) BRANDON MCCARTHY COMPANY Sports Equipment Division Responsibility Report For the Year Ended December 31, 2020 Budget Actual $ %24 %24 > > The sports equipment division of Brandon McCarthy Company is operated as a profit centre. Sales for the division were budgeted for 2020 at $896,000. The only variable costs budgeted for the division were cost of goods sold ($442,000) and selling and administrative costs ($65,000). Fixed costs were budgeted at $103,000 for cost of goods sold, $90,000 for selling and administrative costs, and $73,000 for noncontrollable fixed costs. Actual results were as follows: Sales $867,000 Cost of goods sold Variable 409,000 Fixed 105,000 Selling and administrative costs Variable 65,000 Fixed 69,000 Noncontrollable fixed costs 89,000 (a) Prepare a responsibility report for the sports equipment division for 2020. (List variable costs before fixed costs. If an answer is zero, please enter 0. Do not leave any fields blank.) BRANDON MCCARTHY COMPANY Sports Equipment Division Responsibility Report For the Year Ended December 31, 2020 Budget Actual $ %24 %24 > > The sports equipment division of Brandon McCarthy Company is operated as a profit centre. Sales for the division were budgeted for 2020 at $896,000. The only variable costs budgeted for the division were cost of goods sold ($442,000) and selling and administrative costs ($65,000). Fixed costs were budgeted at $103,000 for cost of goods sold, $90,000 for selling and administrative costs, and $73,000 for noncontrollable fixed costs. Actual results were as follows: Sales $867,000 Cost of goods sold Variable 409,000 Fixed 105,000 Selling and administrative costs Variable 65,000 Fixed 69,000 Noncontrollable fixed costs 89,000 (a) Prepare a responsibility report for the sports equipment division for 2020. (List variable costs before fixed costs. If an answer is zero, please enter 0. Do not leave any fields blank.) BRANDON MCCARTHY COMPANY Sports Equipment Division Responsibility Report For the Year Ended December 31, 2020 Budget Actual $ %24 %24 > > The sports equipment division of Brandon McCarthy Company is operated as a profit centre. Sales for the division were budgeted for 2020 at $896,000. The only variable costs budgeted for the division were cost of goods sold ($442,000) and selling and administrative costs ($65,000). Fixed costs were budgeted at $103,000 for cost of goods sold, $90,000 for selling and administrative costs, and $73,000 for noncontrollable fixed costs. Actual results were as follows: Sales $867,000 Cost of goods sold Variable 409,000 Fixed 105,000 Selling and administrative costs Variable 65,000 Fixed 69,000 Noncontrollable fixed costs 89,000 (a) Prepare a responsibility report for the sports equipment division for 2020. (List variable costs before fixed costs. If an answer is zero, please enter 0. Do not leave any fields blank.) BRANDON MCCARTHY COMPANY Sports Equipment Division Responsibility Report For the Year Ended December 31, 2020 Budget Actual $ %24 %24 > >
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Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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