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afari File Edit View History Bookmarks Window Help edugen.wileyplus.com Basic Financial Calculator Download rb. .nts WileyPLUSs - RARBG Facebook Torrent Searc...e 1337x.to Problem 22-4A Problem 22-4A Clarke Inc. operates the Patio Furniture Division as a profit center. Operating data for this division for the year ended December 31, 2017, are as shown below. Difference from Budget Budget $2,490,000 $45,000 Favorable Sales Cost of goods sold Variable Controllable fixed 1,290,000 36,000 Favorable 190,000 2,000 Unfavorable Selling and administrative 210,000 45,000 65,000 6,000 Unfavorable 1,000 Unfavorable 3,000 Unfavorable Variable Controllable fixed Noncontrollable fixed costs In addition, Clarke incurs $175,000 of indirect fixed costs that were budgeted at $170,000. Twenty percent (20%) ofthese costs are allocated to the Patio Furniture Division. Prepare a responsibility report for the Patio Furniture Division for the year. (List variable costs before fixed costs.) Patio Furniture Division Responsibility Report For the Year Ended December 31, 2017 Difference

Explanation / Answer

Clark Inc. Inc. RESPONSIBILTY REPORT OF PATIO FURNITURE DIVISION FOR AUGUST, 2017 PARTICULRS Budget Actual Difference F / U Sales $2,490,000 $2,535,000 $45,000 F Variable Cost Variable - cost of goods sold $1,290,000 $1,254,000 $36,000 F Variable - Selling and administrative $210,000 $216,000 -$6,000 U Total Variable cost $1,500,000 $1,470,000 $30,000 F Contribution Margin $990,000 $1,065,000 $75,000 F Controllable Fixed cost Cost of goods sold $190,000 $192,000 -$2,000 U Selling and administrative $45,000 $46,000 -$1,000 U Total Fixed cost $235,000 $238,000 -$3,000 U CONTROLLABLE MARGIN $755,000 $827,000 $78,000 F

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