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

Your answer is correct.

Compute the missing amounts.

Operating Data

Women's Shoes

Men's Shoes

Children's Shoes

Contribution margin$270,000

$

(3)$180,000

Controllable fixed costs100,000

(4)

(5)Controllable margin

(1)90,000

95,000

Sales600,000

450,000

(6)Variable costs

(2)320,000250,000

Prepare a responsibility report for the Women's 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.

Women's Shoe Division

Responsibility Report

For the Month Ended June 30, 2020

Difference

Budget

Actual

Contribution Margin

Controllable Margin

Controllable Fixed Costs

Fixed Costs

Gross Profit

Net Income/(Loss)

Sales

Variable Costs

$

$

$

Contribution Margin

Controllable Margin

Controllable Fixed Costs

Fixed Costs

Gross Profit

Net Income/(Loss)

Sales

Variable Costs

Contribution Margin

Controllable Margin

Controllable Fixed Costs

Fixed Costs

Gross Profit

Net Income/(Loss)

Sales

Variable Costs

Contribution Margin

Controllable Margin

Controllable Fixed Costs

Fixed Costs

Gross Profit

Net Income/(Loss)

Sales

Variable Costs

Contribution Margin

Controllable Margin

Controllable Fixed Costs

Fixed Costs

Gross Profit

Net Income/(Loss)

Sales

Variable Costs

$

$

$