The Wellstone Division operates as a profit center. It reports the following for the year. Budget Actual
Question:
The Wellstone Division operates as a profit center. It reports the following for the year.
Budget Actual Sales $2,000,000 $1,860,000 Variable costs 800,000 760,000 Controllable fixed costs 550,000 550,000 Noncontrollable fixed costs 250,000 250,000 Prepare a responsibility report for the Wellstone Division at December 31, 2014.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (2 reviews)
A responsibility report is a performance report that records the results of the responsibilities exe...View the full answer
Answered By
Aysha Ali
my name is ayesha ali. i have done my matriculation in science topics with a+ . then i got admission in the field of computer science and technology in punjab college, lahore. i have passed my final examination of college with a+ also. after that, i got admission in the biggest university of pakistan which is university of the punjab. i am studying business and information technology in my university. i always stand first in my class. i am very brilliant client. my experts always appreciate my work. my projects are very popular in my university because i always complete my work with extreme devotion. i have a great knowledge about all major science topics. science topics always remain my favorite topics. i am also a home expert. i teach many clients at my home ranging from pre-school level to university level. my clients always show excellent result. i am expert in writing essays, reports, speeches, researches and all type of projects. i also have a vast knowledge about business, marketing, cost accounting and finance. i am also expert in making presentations on powerpoint and microsoft word. if you need any sort of help in any topic, please dont hesitate to consult with me. i will provide you the best work at a very reasonable price. i am quality oriented and i have 5 year experience in the following field.
matriculation in science topics; inter in computer science; bachelors in business and information technology
_embed src=http://www.clocklink.com/clocks/0018-orange.swf?timezone=usa_albany& width=200 height=200 wmode=transparent type=application/x-shockwave-flash_
4.40+
11+ Reviews
14+ Question Solved
Related Book For
Financial And Managerial Accounting
ISBN: 9781118004234
1st Edition
Authors: Donald E. Kieso, Paul D. Kimmel, Jerry J. Weygandt
Question Posted:
Students also viewed these Business questions
-
The Wellstone Division operates as a profit center. It reports the following for the year. Prepare a responsibility report for the Wellstone Division at December 31,2014. Budget Actual Sales Variable...
-
The Wellstone Division operates as a profit center. It reports the following for the year. Prepare a responsibility report for the Wellstone Division at December 31,2012. Budgeted Actual Sales...
-
The Rockies Division operates as a profit center. It reports the following for the year ending December 31, 2020. Prepare a responsibility report for the Rockies Division at December 31, 2020. Actual...
-
Calculate the following ratios for both 2021 and 2020 years: current ratio, quick ratio, debt to equity ratio, debt ratio, gross profit ratio, net profit ratio, return on equity, return on total...
-
Part 1: Prepare the tax formula in a worksheet in column A. In column B next to each element of tax formula, show the lines on Form 1040 to which the tax formula line item links. Part 2: Find a tax...
-
Represent the system shown in Figure P5.27 in state space where x 1 (t); x 3 (t); and x 4 (t), as shown, are among the state variables, c(t) is the output, and x 2 (t) is internal to X 1 (s)/X 3 (s)....
-
Hostetler Energy owns 70%, Challenger Company owns 20%, and Hill Oil Company owns 10% of the working interest property 1004. Assume Hostetler Energy is the operator and incurs the following costs...
-
The following cost information is available for Senkowski Ltd.: Direct materials are $15 per unit for luxury handbags and $11 per unit for deluxe handbags. There were 12,500 direct labor hours, each...
-
The level of significance can be any positive value can be any value is = (1-confidence level) can be any value between -1.96 to 1.96
-
Standards differ from budgets in that: (a) budgets but not standards may be used in valuing inventories. (b) budgets but not standards may be journalized and posted. (c) budgets are a total amount...
-
A manager of an investment center can improve ROI by: (a) increasing average operating assets. (b) reducing sales. (c) increasing variable costs. (d) reducing variable and/or controllable fixed costs.
-
What would happen if lawyers for one side withheld evidence in a case? How could the party affected have the problem corrected?
-
Ivan (who is not a Scottish taxpayer) has the following income for tax year 2023-24: His personal allowance for 2023-24 is 12,570. Compute the income tax payable by Ivan for the year. How would this...
-
Ernest (who is not a Scottish taxpayer) has a retirement pension in 2023-24 of 57,160 and bank interest of 620. His personal allowance for the year is 12,570. Compute Ernests income tax liability for...
-
A certain quantity of an ideal gas is contained in a cylinder and occupies a volume of \(1.0 \mathrm{dm}^{3}\) at \(3 \mathrm{~atm}\) pressure. The gas is transferred by different paths to a final...
-
Stephanie (who is not a Scottish taxpayer) has the following income in 2023-24: Compute Stephanies income tax liability for the year, assuming that the rents received are not within the rent-a-room...
-
Calculate the 2023-24 income tax liability of a non-Scottish taxpayer with income for the year as follows: (a) Business profits of 28,175 and bank interest of 720. (b) Business profits 50,420,...
-
A division manager is responsible for each of Resolute Electronics Corporations (REC) divisions. Each divisions controller, assigned by the corporate controllers office, manages the divisions...
-
Economic feasibility is an important guideline in designing cost accounting systems. Do you agree? Explain.
-
Clauss Company transfers out 14,000 units and has 2,000 units of ending work in process that are 25% complete. Materials are entered at the beginning of the process and there is no beginning work in...
-
(a) Ann Quinn believes the production cost report is an external report for stockholders. Is Ann correct? Explain. (b) Identify the sections in a production cost report.
-
At Trent Company, there are 800 units of ending work in process that are 100% complete as to materials and 40% complete as to conversion costs. If the unit cost of materials is $3 and the costs...
-
1) The Rolling Department of Oak Ridge Steel Company had 4,800 tons in beginning work in process inventory (60% complete) on July 1. During July, 80,400 tons were completed. The ending work in...
-
Has the government refrained from including agency funds in that statement? Are increases and decreases shown as additions and deductions, rather than revenues and expenses? What are the main...
-
Accounting I12) Young Money Cash Money has net sales revenue of $793,000 cost of goods sold of$349,700 net income of $193,200, and preferred dividends of $16,500 during thecurrent year. At the...
Study smarter with the SolutionInn App