Prepare a responsibility performance report for the manager

Assignment Help Accounting Basics

Reference no: EM131933017

Problem

The Olive Garden Division, a part of the Darden Corporation, reported the following data for the first quarter of 2016:

Budget Actual

Sales Revenue $ 850,000 $ 900,000

Cost of Goods Sold

Variable 300,000 290,000

Controllable Fixed 100,000 120,000

Selling and Administrative

Variable 200,000 210,000

Controllable Fixed 150,000 170,000

Other fixed costs 50,000 40,000

Average operating assets $2,200,000 $2,400,000

INSTRUCTIONS

Assume that Olive Garden is an investment center. Prepare a responsibility performance report for the manager of the IHOP division.

Reference no: EM131933017

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