Jantzen Manufacturing Inc. operates the Patio Furniture Division as a profit center. Operating data for this division
Question:
Jantzen Manufacturing Inc. operates the Patio Furniture Division as a profit center. Operating data for this division for the year ended December 31, 2010, are as shown below.
In addition, Jantzen Manufacturing incurs $180,000 of indirect fixed costs that were budgeted at $175,000. Twenty percent (20%) of these costs are allocated to the Patio Furniture Division.Instructions(a) Prepare a responsibility report for the Patio Furniture Division for the year.(b) Comment on the manager??s performance in controlling revenues and costs.(c) Identify any costs excluded from the responsibility report and explain why they were excluded.
Difference Budget from Budget Sales Cost of goods sold Variable $2,500,000 $60,000 F 1,300,000 41,000 F Controllable fixed Selling and administrative Variable 200,000 6,000 U 220,000 50,000 7,000 U 2,000 U 4,000 U Controllable fixed Noncontrollable fixed costs 70,000
Step by Step Answer:
a JANTZEN MANUFACTURING INC Patio Furniture Division Responsibility Report For the Year Ended Decemb...View the full answer
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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