Exercise 22-16 The Sports Equipment Division of Harrington Company is operated as a profit center, Sales for the division were budgeted for 2014 at $900,000. The only variable costs budgeted for the division were cost of goods sold ($440,000) and selling and administrative ($60,000 Fixed costs were budgeted at $100,000 for cost of goods sold, $90,000 for selling and administrative, and $70,000 for noncontrollable fixed costs. Actual results for these items werel Sales $880,000 Cost of goods sold Variable 408,000 Fixed 105,000 Selling and administrative Variable 61,000 Fixed 66,000 ollable fixed Noncon 90,000 Prepare a responsibility report for the Sports Equipment Division for 2014. (List able costs before fixed costs.) HARRINGTON COMPANY Sports Equipment Division Responsibility Report 2014 Difference Favorable (F) Unfavorable (U) Neither F Budget nor Unfavorable (N)