Question
Bridgeport Company is a newly formed company specializing in high-speed Internet service for home and business. The owner, Lenny Kirkland, divided the company into two
Bridgeport Company is a newly formed company specializing in high-speed Internet service for home and business. The owner, Lenny Kirkland, divided the company into two segments: Home Internet Service and Business Internet Service. Each segment is run by its own supervisor, while basic selling and administrative services are shared by both segments. Lenny has asked you to help him create a performance reporting system that will allow him to measure each segments performance in terms of its profitability. To that end, the following information has been collected on the Home Internet Service segment for the first quarter of 2022.
Budgeted | Actual | |||
---|---|---|---|---|
Service revenue | $ 21,500 | $ 22,532 | ||
Allocated portion of: | ||||
Building depreciation | 9,460 | 9,460 | ||
Advertising | 4,300 | 3,612 | ||
Billing | 3,010 | 2,580 | ||
Property taxes | 1,032 | 860 | ||
Material and supplies | 1,376 | 1,032 | ||
Supervisory salaries | 7,740 | 8,170 | ||
Insurance | 3,440 | 3,354 | ||
Wages | 2,580 | 2,795 | ||
Gas and oil | 2,408 | 2,924 | ||
Equipment depreciation | 1,290 | 1,118 |
Prepare a responsibility report for the first quarter of 2022 for the Home Internet Service Segment.
BRIDGEPORT COMPANY Home Internet Service Segment Responsibility Report choose the accounting period March 31, 2022For the Quarter Ended March 31, 2022For the Month Ended March 31, 2022 | |||||||
---|---|---|---|---|---|---|---|
Difference | |||||||
Budgeted | Actual | Favorable Unfavorable Neither Favorable nor Unfavorable | |||||
select an opening responsibility report item InsuranceBuilding DepreciationVariable CostsWagesControllable MarginEquipment DepreciationService RevenueControllable Fixed CostsTotal Controllable Fixed CostsSupervisory SalariesGas and OilAdvertisingMaterial and SuppliesBillingTotal Variable CostsProperty TaxesContribution Margin | $ enter a dollar amount | $ enter a dollar amount | $ enter the difference | select an option UnfavorableFavorableNeither Favorable nor Unfavorable | |||
select an opening name for section one Variable CostsBillingWagesGas and OilService RevenueBuilding DepreciationSupervisory SalariesTotal Variable CostsProperty TaxesMaterial and SuppliesInsuranceAdvertisingContribution MarginEquipment Depreciation | |||||||
select an item WagesBillingControllable Fixed CostsSupervisory SalariesInsuranceBuilding DepreciationGas and OilAdvertisingTotal Controllable Fixed CostsVariable CostsMaterial and SuppliesContribution MarginTotal Variable CostsService RevenueEquipment DepreciationProperty Taxes | enter a dollar amount | enter a dollar amount | enter the difference | select an option FavorableUnfavorableNeither Favorable nor Unfavorable | |||
select an item AdvertisingProperty TaxesInsuranceContribution MarginEquipment DepreciationWagesGas and OilControllable Fixed CostsBuilding DepreciationService RevenueSupervisory SalariesVariable CostsTotal Variable CostsBillingMaterial and SuppliesTotal Controllable Fixed Costs | enter a dollar amount | enter a dollar amount | enter the difference | select an option Neither Favorable nor UnfavorableUnfavorableFavorable | |||
select an item Total Variable CostsSupervisory SalariesProperty TaxesMaterial and SuppliesWagesTotal Controllable Fixed CostsBuilding DepreciationService RevenueVariable CostsGas and OilControllable Fixed CostsBillingContribution MarginInsuranceEquipment DepreciationAdvertising | enter a dollar amount | enter a dollar amount | enter the difference | select an option FavorableNeither Favorable nor UnfavorableUnfavorable | |||
select a closing name for section one Gas and OilBillingAdvertisingProperty TaxesVariable CostsSupervisory SalariesMaterial and SuppliesInsuranceContribution MarginService RevenueEquipment DepreciationWagesTotal Variable CostsBuilding Depreciation | enter a total amount for section one | enter a total amount for section one | enter the difference | select an option UnfavorableFavorableNeither Favorable nor Unfavorable | |||
select a summarizing line for the first part AdvertisingService RevenueVariable CostsBuilding DepreciationSupervisory SalariesProperty TaxesGas and OilMaterial and SuppliesInsuranceTotal Variable CostsEquipment DepreciationContribution MarginBillingWages | enter a total amount for the first part | enter a total amount for the first part | enter the difference | select an option UnfavorableNeither Favorable nor UnfavorableFavorable | |||
select an opening name for section two Controllable Fixed CostsService RevenueEquipment DepreciationGas and OilSupervisory SalariesProperty TaxesWagesControllable MarginBuilding DepreciationMaterial and SuppliesBillingTotal Controllable Fixed CostsAdvertisingInsurance | |||||||
select an item Building DepreciationControllable Fixed CostsControllable MarginTotal Controllable Fixed CostsEquipment DepreciationService RevenueGas and OilTotal Variable CostsMaterial and SuppliesVariable CostsInsuranceWagesProperty TaxesAdvertisingBillingSupervisory Salaries | enter a dollar amount | enter a dollar amount | enter the difference | select an option Neither Favorable nor UnfavorableFavorableUnfavorable | |||
select an item Controllable MarginInsuranceProperty TaxesTotal Controllable Fixed CostsEquipment DepreciationWagesService RevenueControllable Fixed CostsTotal Variable CostsAdvertisingBillingGas and OilBuilding DepreciationSupervisory SalariesVariable CostsMaterial and Supplies | enter a dollar amount | enter a dollar amount | enter the difference | select an option FavorableNeither Favorable nor UnfavorableUnfavorable | |||
select an item Supervisory SalariesBillingAdvertisingGas and OilBuilding DepreciationEquipment DepreciationControllable MarginWagesInsuranceService RevenueVariable CostsTotal Controllable Fixed CostsMaterial and SuppliesProperty TaxesControllable Fixed CostsTotal Variable Costs | enter a dollar amount | enter a dollar amount | enter the difference | select an option UnfavorableFavorableNeither Favorable nor Unfavorable | |||
select a closing name for section two Controllable Fixed CostsService RevenueWagesInsuranceTotal Controllable Fixed CostsBuilding DepreciationBillingGas and OilEquipment DepreciationSupervisory SalariesProperty TaxesControllable MarginAdvertisingMaterial and Supplies | enter a total amount for section two | enter a total amount for section two | enter the difference | select an option UnfavorableNeither Favorable nor UnfavorableFavorable | |||
select a closing responsibility report item InsuranceTotal Controllable Fixed CostsMaterial and SuppliesWagesBillingBuilding DepreciationService RevenueEquipment DepreciationAdvertisingControllable MarginGas and OilSupervisory SalariesProperty TaxesControllable Fixed Costs | $ enter a total amount | $ enter a total amount | $ |
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