Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Blossom Kicks Co. has three divisions which are operated as profit centers. Actual operating data for the divisions listed alphabetically are as follows.Operating Data Women's

image text in transcribedimage text in transcribedimage text in transcribed
Blossom Kicks Co. has three divisions which are operated as profit centers. Actual operating data for the divisions listed alphabetically are as follows.Operating Data Women's Shoes Men's Shoes Children's Shoes Contribution $282,000 $ 152000 (3) margin $222,000 Controllable fixed 131,000 61000 (4) 125000 (5) costs Controllable margin 151000 (1) 91,000 97,000 Sales 803,000 483,000 473000 (6) Variable costs 521000 (2) 331,000 251,000 e Textbook and MediaPrepare 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. BLOSSOMKICKS CO. Women's Shoe Division Responsibility Report For the Month Ended June 30, 2022 Difference Favorable (F) Unfavorable (U) Budget Actual Not Applicable (NA) Sales Contribution Margin Controllable Fixed Costs Controllable Margin Variable Costs

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

Survey Of Accounting

Authors: Thomas Edmonds, Philip Olds, Frances McNair, Bor-Yi Tsay

1st Edition

0073526770, 9780073526775

More Books

Students also viewed these Accounting questions

Question

Write down the Limitation of Beer - Lamberts law?

Answered: 1 week ago

Question

Discuss the Hawthorne experiments in detail

Answered: 1 week ago

Question

Explain the characteristics of a good system of control

Answered: 1 week ago

Question

State the importance of control

Answered: 1 week ago

Question

2. Find five metaphors for communication.

Answered: 1 week ago