Solution-Prepare a responsibility report for the home

Prepare a responsibility report for the home division

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Reference no: EM133174629

Question - Optimus 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, 2020, and relevant budget data are as follows.

	Actual	Comparison with Budget
Sales	$1,400,000	$101,000	favorable
Variable cost of goods sold	670,000	54,000	unfavorable
Variable selling and administrative expenses	124,000	25,000	unfavorable
Controllable fixed cost of goods sold	169,000	On target
Controllable fixed selling and administrative expenses	80,000	On target

Average operating assets for the year for the Home Division were $2,000,000 which was also the budgeted amount.

Prepare a responsibility report for the Home Division.

Reference no: EM133174629

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Prepare a responsibility report for the home division

Reference no: EM133174629

Reference no: EM133174629

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