Do It! Review 24-3 The Rockies Division operates as a profit center. It reports

Question

Do It! Review 24-3 The Rockies Division operates as a profit center. It reports the following for the year Budgeted Actual Sales Variable costs Controllable fixed costs Noncontrollable fixed costs $2,062,000 $1,905,700 747,100 551,100 259,700 794,000 551,100 259,700 Prepare a responsibility report for the Rockies Division at December 31, 2017 ROCKIES DIVISION Responsibility Report For the Year Ended December 31, 2017 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual

Explanation / Answer

Rockies Division Difference Budget Actual Fav/unfav/neither fav/nor unfav Sales 2062000 1905700 156300 U Variable cost 794000 747100 46900 F Contribution Margin 1268000 1158600 109400 U Controllable Fixed Cost 551100 551100 0 - Controllable margin 716900 607500 109400 U

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