Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

$

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

Governmental Accounting

Authors: Steven M. Bragg

2022nd Edition

1642210781, 978-1642210781

More Books

Students also viewed these Accounting questions

Question

What is a verb?

Answered: 1 week ago

Question

=+What is the most challenging part of working in social media?

Answered: 1 week ago