Dinkle manufacturing company manufactures a variety of

Assignment Help Accounting Basics

Reference no: EM13596999

Dinkle Manufacturing Company manufactures a variety of tools and industrial equipment. The company operates through three divisions. Each division is an investment center. Operating data for the Home Division for the year ended December 31, 2010, and relevant budget data are as follows.

Actual Comparison
with Budget
Sales $1,510,000 $104,700 favorable
Variable cost of goods sold 710,000 61,600 unfavorable
Variable selling and administrative expenses 133,000 26,000 unfavorable
Controllable fixed cost of goods sold 175,900 On target
Controllable fixed selling and admin. expenses 90,100 On target

Average operating assets for the year for the Home Division were $2,502,900 which was also the budgeted amount.Complete the responsibility report for the Home Division.

Compute the expected ROI in 2011 for the Home Division, assuming the following independent changes to actual data.
1. Variable cost of goods sold is decreased by 6%.
2. Average operating assets are decreased by 10%.
3. Sales are increased by $207,600, and this increase is expected to increase contribution margin by $91,400.

Reference no: EM13596999

Questions Cloud

If a parent company has two wholly owned subsidiaries how : 1 the reconciliation of the cash register tape with the cash in the register is an example of a. other controls. b.

The mixing department manager of crede company is able to : the mixing department manager of crede company is able to control all overhead costs except rent property taxes and

Nanette is a third-grade teacher potential deductions are : nanette is a third-grade teacher. potential deductions are charitable contributions of 520 personal property taxes on

Since the coliseum was not scheduled to be used again until : duck an accrual basis corporation sponsored a rock concert on december 29 2011. gross receipts were 300000. the

Dinkle manufacturing company manufactures a variety of : dinkle manufacturing company manufactures a variety of tools and industrial equipment. the company operates through

Shea a regional jewelry store issues its own charge cards : shea a regional jewelry store issues its own charge cards to customers. it bills its customers on the first day of

If the common cost of equity for the firm is 179 the cost : the targeted capital structure for qm industries is 36 common stock 15 preferred stock and 49 debt. if the common cost

Gasco clinic uses patient-visits as its measure of activity : gasco clinic uses patient-visits as its measure of activity. during august the clinic budgeted for 2000 patient-visits

Unhappy about the prospect of an increase in selling price : budgeted profit what-if analysis the monteiro manufacturing corporation manufactures and sells folding umbrellas. the

User Account

All Pages