Horatio Inc. has three divisions which are operated as profit centers. Actual operating data for the divisions listed alphabetically are as follows.

Compute the missing amounts.

Operating Data

Womens Shoes

Mens Shoes

Childrens Shoes

Contribution margin

$270,000

$

(3)

$180,000

Controllable fixed costs

100,000

(4)(5)

Controllable margin

(1)

90,000

95,000

Sales

600,000

450,000

(6)

Variable costs

(2)

320,000

250,000

Prepare a responsibility report for the Womens Shoes Division assuming (1) the data are for the month ended June 30, 2020, and (2) all data equal budget except variable costs which are $5,000 over budget.

HORATIO INC. Womens Shoe Division Responsibility Report For the Month Ended June 30, 2020

Difference

Budget

Actual

Favorable Unfavorable Neither Favorable nor Unfavorable

Contribution MarginControllable MarginControllable Fixed CostsFixed CostsGross ProfitNet Income/(Loss)SalesVariable Costs

$

$

$

FavorableUnfavorableNeither Favorable nor Unfavorable

Contribution MarginControllable MarginControllable Fixed CostsFixed CostsGross ProfitNet Income/(Loss)SalesVariable Costs

FavorableUnfavorableNeither Favorable nor Unfavorable

Contribution MarginControllable MarginControllable Fixed CostsFixed CostsGross ProfitNet Income/(Loss)SalesVariable Costs

FavorableUnfavorableNeither Favorable nor Unfavorable

Contribution MarginControllable MarginControllable Fixed CostsFixed CostsGross ProfitNet Income/(Loss)SalesVariable Costs

FavorableUnfavorableNeither Favorable nor Unfavorable

Contribution MarginControllable MarginControllable Fixed CostsFixed CostsGross ProfitNet Income/(Loss)SalesVariable Costs

$

$

$

FavorableUnfavorableNeither Favorable nor Unfavorable