Exercise 22-15 (Part Level Submission) Horatio Inc. has three divisions which ar

Question

Exercise 22-15 (Part Level Submission) Horatio Inc. has three divisions which are operated as profit centers. Actual operating data for the divisions listed alphabetically are as follows. Your answer is correct. Compute the missing amounts. Data Women's Shoes Men's Shoes Children's Shoes Contribution margin 161980 (3) 49840 (4) 112,140 560,700 $336,420 $224,280 Controllable fixed costs 124,600 105910 (5) Controllable margirn 118,370 211820 (1) Sales 747,600 535780 6) Variable costs 411180 (2) 311,500 Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTION SHOW ANSWER LINK TO TEXT VIDEO: APPLIED SKILLS Attempts: 1 of 2 us Prepare a responsibility report for the Women's Shoes Division assuming (1) the data are for the month ended June 30, 2017, and (2) all data equal budget except variable costs which are $6,230 over budget. HORATIO INC. Women's Shoe Division Responsibility Report For the Month Ended June 30, 2017 Unfavorable/ Neither Favorable nor Unfavorable Bud Actual

Explanation / Answer

Responsibility report :

Budget Actual Favorable/Unfavorable/Neither favorable nor unfavorable Sales revenue 747600 747600 0 Neither favorable nor unfavorable Variable cost 411180 417410 6230 Unfavorable Contribution margin 336420 330190 6230 Unfavorable Controllable Fixed cost 124600 124600 0 Neither favorable nor unfavorable Controllable margin 211820 205590 6230 Unfavorable

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