The Atlantic division operates as a profit centre. It reports the following for the year.
_________________________________________Budgeted Actual
Sales......................................................$2,000,000.............$1,800,000
Variable costs................................................800,000................/750,000
Controllable fixed costs....................................550,000.................550,000
Non-controllable fixed costs..............................250,000.................250,000
Instructions
Prepare a responsibility report for the Atlantic division at December 31, 2012.