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 Compute the missing amounts Women's Shoes $333,180 123,400 Operating Data Men's Shoes Children's Shoes (3) $222,120 Contribution margin Controllable fixed costs Controllable margin Sales 111,060 555,300 394,880 117,230 740,400 Variable costs 308,500 Click if you would like to Show Work for this question: Open Show Work

Explanation / Answer

Contribution margin=Sales-Variable costs

Contribution margin-Fixed costs=Controllable margin

Women Shoes Men Shoes Children Shoes Contribution margin 333180 $160420 222120 Controllable fixed costs 123400 49360 104890 Controllable margin $209780 111060 117230 Sales 740400 555300 530620 Variable costs 407220 394880 308500

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