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Attached are partially completed questions I am having trouble solving, I need the blank spaces answered and have screenshot and highlighted !!!!!!!!!!!!! in red to
Attached are partially completed questions I am having trouble solving, I need the blank spaces answered and have screenshot and highlighted "!!!!!!!!!!!!!" in red to direct you.
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, 2017, and relevant budget data are as follows. Actual Comparison with Budget Sales $1,401,00 0 $101,000 favorable Variable cost of goods sold 675,000 55,000 unfavorable Variable selling and administrative expenses 125,000 26,000 unfavorable Controllable fixed cost of goods sold 169,000 On target Controllable fixed selling and administrative expenses 79,000 On target Average operating assets for the year for the Home Division were $2,001,000 which was also the budgeted amount. (Please answer part B located below) !!!!!!!!! Question 2 Presented below is selected information for three regional divisions of Medina Company. Divisions North West South Contributi on margin $300,7 00 $499,80 0 $400,60 0 Controllab le margin $139,5 00 $359,60 0 $210,80 0 Average operating assets $996,4 29 $1,892,6 32 $1,505,7 14 Minimum rate of return 11 % 15 % 8 % !!!!!!!!!!! Question 3 As a result of this budget report, Joe was called into the president's office and congratulated on his fine sales performance. He was reprimanded, however, for allowing his costs to get out of control. Joe knew something was wrong with the performance report that he had been given. However, he was not sure what to do, and comes to you for advice. Prepare a budget report based on flexible budget data to help Joe. (List variable costs before fixed costs. Do not leave any answer field blank. Enter 0 for amounts.) Selling Expense Flexible Budget Report Clothing Department For the Month Ended October 31, 2017 Difference Budget !!!!!!!!!!!!!!!!!!!! Question 4 Actual Favorable Unfavorable Neither Favorable nor UnfavorableStep by Step Solution
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