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Forest Division operates as a profit centre. It reports the following actual results for the year: sales $1,023,760; variable costs $316,820; controllable fixed costs $199,460;

Forest Division operates as a profit centre. It reports the following actual results for the year: sales $1,023,760; variable costs $316,820; controllable fixed costs $199,460; and non-controllable fixed costs $107,340. The annual budgeted amounts were: sales $1,130,240; variable costs $434,360; controllable fixed costs $199,460; and non-controllable fixed costs $107,340. Prepare a responsibility report for Forest Division at December 31, 2012.

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Forest Division Responsibility Report For the year ended December 31, 2012 Difference Favourable (F) Unfavourable (U) Not Applicable (NA) Budget Actual Contribution margin Controllable fixed costs Controllable margin Non-controllable fixed costs Variable costs Sales NA

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