Exercise 23-16 a-b The Sports Equipment Division of Crane Company is operated as a profit cente Sales for the division were budgeted for 2020 at $905,000. The only variable costs budgeted for the division were cost of goods sold ($445,000) and selling and administrative ($62,000). Fixed costs were budgeted at $104,000 for cost boods sold, $95,000 for selling and administrative, and $71,000 for noncontrollable fixed costs. Actual results for these items were: $18,000 434,000 105,000 ales Cost of goods sold Variable Fixed seling and administrative Variable Fixed foncontrollable fed 6.000 71.000 90,000 Prepare a responsibility report for the Sports Equipment Division for 2020. (Li: variable costs before fixed costs.) CRANE COMPANY Sports Equipment Division Responsibility Report For the Year Ended December 31, 2020 aiya wwwte LINK TO TRY TO ME Assume the division is an investment center, and average operating assets wer $1,000,000. The noncontrollable fixed costs are controllable at the investment center level. Compute ROI using the actual amounts. (Round ROI to 1 decimal place, e.g. 1.5.) turn on investment Exercise 23-16 a-b The Sports Equipment Division of Crane Company is operated as a profit center. Sales for the division were budgeted for 2020 at $905,000. The only variable costs budgeted for the division were cost of goods sold ($445,000) and selling and administrative ($62,000). Fixed costs were budgeted at $104,000 for cost of goods sold, 495,000 for selling and administrative, and $71,000 for noncontrollable fixed costs. Actual results for these items were: $881,000 414,000 105,000 Sales Cost of goods sold Variable Fixed Selling and administrative Variable Fixed Noncontrollable fixed 64,000 71,000 90,000 Prepare a responsibility report for the Sports Equipment Division for 2020. (List variable costs before fixed costs.) CRANE COMPANY Sports Equipment Division Responsibility Report For the Year Ended December 31, 2020 Budget Actual Difference Favorable Unfavorable Neither Favorable nor Unfavorable CRANE COMPANY Sports Equipment Division Responsibility Report For the Year Ended December 31, 2020 Budget Actual Difference Favorable Unfavorable Neither Favorable nor Unfavorable $