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Exhibit 1 SUNG ELECTRONICS DIVISION Operating Statement For the Year Ending December 31 (millions of dollars) Budget Actual Sales 842.0 823.8 Variable cost Direct materials,
Exhibit 1 SUNG ELECTRONICS DIVISION Operating Statement For the Year Ending December 31 (millions of dollars) Budget Actual Sales 842.0 823.8 Variable cost Direct materials, components 270.2 281.0 Direct labour 34.8 47.8 Manufacturing overhead 78.0 110.6 Selling 38.4 38.2 421.4 477.6 Contribution margin 420.6 346.2 Fixed expenses Manufacturing overhead 196.4 264.4 Selling 42.4 42.2 Administration 74.4 74.6 313.2 381.2 Net operating income 107.4 (35.0) SUNG ELECTRONICS DIVISION Modified Balance Sheet As at December 31 (millions of dollars) Actual Working capital 57.3 Net fixed assets 153.2 Investment 210.5 ROI, % (16.7)
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Financial and Managerial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
12th edition
978-1133952428, 1285078578, 1133952429, 978-1285078571
