Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

15 of 20 < > View Policies Show Attempt History Current Attempt in Progress 2.5/5 !!! Crane Kicks Co. has three divisions which are operated

15 of 20 < > View Policies Show Attempt History Current Attempt in Progress 2.5/5 !!! Crane Kicks Co. has three divisions which are operated as profit centers. Actual operating data for the divisions listed alphabetically are as follows. Operating Data Contribution margin Women's Shoes Men's Shoes Children's Shoes $284,000 (3) $224,000 Controllable fixed costs 132,000 (4) (5) Controllable margin (1) $92,000 98,000 Sales 806,000 486,000 (6) Variable costs (2) 332,000 252.000 (a) Your answer is correct. Compute the missing amounts. Women's Shoes $284,000 $ 132,000 152,000 (1) Men's Shoes 154,000 (3) Children's Shoes $224,000 62,000 (4) 126,000 (5) 92,000 98,000 806,000 486,000 476,000 (6) 522,000 (2) 332,000 252,000 eTextbook and Media Attempts: 1 of 3 used Question 15 of 20 < > 132,000 fixed costs Controllable margin Sales Variable costs (b) eTextbook and Media 152,000 (1) 2.5/5 62,000 (4) 92,000 806,000 486,000 522,000 (2) 332,000 ||| Attempts: 1 of 3 used Prepare a responsibility report for the Women's Shoe Division assuming (1) the data are for the month ended June 30, 2022, and (2) all actual data equal budgeted data except variable costs which are $20,000 over budget. CRANE KICKS CO. Women's Shoe Division Responsibility Report For the Month Ended June 30, 2022 eTextbook and Media Save for Later Budget $ Actual $ [ [ Attempts: 0 of 3 used Submit Answer Question 15 of 20 fixed costs Controllable margin Sales Variable costs (b) < > eTextbook and Media 132,000 152,000 (1) 2.5/5 62,000 (4) 92,000 806,000 486,000 522,000 (2) 332,000 ||| Attempts: 1 of 3 used Prepare a responsibility report for the Women's Shoe Division assuming (1) the data are for the month ended June 30, 2022, and (2) all actual data equal budgeted data except variable costs which are $20,000 over budget. CRANE KICKS CO. Women's Shoe Division Responsibility Report For the Month Ended June 30, 2022 Budget eTextbook and Media Save for Later $ Actual Difference Favorable (F) Unfavorable (U) Not Applicable (NA) Attempts: 0 of 3 used Submit

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

LO2 Explain the nature of the psychological contract.

Answered: 1 week ago