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Prepare a responsibility report for the manager

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Reference no: EM131774113

Problem - The Consumer Division, a profit center of X Company, reported the following data for the year of 2017:

                                                                                    Actual                   Budget

Sales                                       $7,000,000           $7,300,000

Variable costs                           4,200,000                                                             4,150,000

Controllable fixed costs                800,000                                 820,000

Non-controllable fixed costs             530,000                                                                 570,000

Average operating assets              2,350,000                                                             2,400,000

Instructions -

[a] Prepare a responsibility report for the manager of the Consumer Division.

[b] What is the best measure of the manager's performance? Why?

[c] How would the responsibility report differ if the division was an investment center?

Use computations to illustrate yvour answer.

Need help Preparing a responsibility report. Need all computations to be shown.

Reference no: EM131774113

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