Exercise 23-11 a (Video) Concord Company is a newly formed company specializing in high-speed Internet service for home and business. The owner, Lenny Kirkland, had 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 segment's 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 2020. Budgeted Actual 525,200 $26,700 Service revenue Allocated portion of Building depreciation 11,900 5.500 3.500 Property taxes Material and supplies Supervisory Sales Insurance 1.300 9.500 2,800 1,000 1.100 9.600 3,600 Gas and of Equipment Deprecation 3,000 2.700 1.500 1,400 Prepare a responsibility report for the first quarter of 2020 for the Home Internet Service Segment. CONCORD COMPANY Home Internet Services Segment Responsibility Report For the Quarter Ended March 31, 2020 De Ferile w Exercise 23-11 (Video) Concord Company is a newly formed company specialitering in high-speed Internet service for home and business. The owner, Lenny and, had divided the company into two nments Home Internet Service and Business Internet Service Hach 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 segment's 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 2020. Budgeted Actual Service revenue $25,200 $26,700 Allocated portion of: Building depreciation 11,900 11,900 Advertising 5,500 4,700 Balling 3,300 2,800 Property taxes 1,200 1,000 Material and supplies 1,300 1.100 Supervisory salaries 9,500 9,600 Insurance 4,400 Wages 3,000 3,100 Gas and all 2,700 3,600 Equipment depreciation 1,500 1,400 3.600 Prepare a responsibility report for the first quarter of 2020 for the Home Internet Service Segment. CONCORD COMPANY Home Internet Services Segment Responsibility Report varter Ended March 31, 2020 Difference Favorable Unfavorable Nelther Favorable nor Unfavorable Budgeted Actual v $