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

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(a)

[Correct answer.] Your answer is correct.

Compute the missing amounts.

Operating Data Womens Shoes Mens Shoes Childrens Shoes Contribution margin $330,480 $ [Entry field with correct answer] (3) $220,320 Controllable fixed costs 122,400 [Entry field with correct answer] (4) [Entry field with correct answer] (5) Controllable margin [Entry field with correct answer] (1) 110,160 116,280 Sales 734,400 550,800 [Entry field with correct answer] (6) Variable costs [Entry field with correct answer] (2) 391,680 306,000

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(b)

[Partially correct answer.] Your answer is partially correct. Try again.

Prepare a responsibility report for the Womens Shoes Division assuming (1) the data are for the month ended June 30, 2017, and (2) all data equal budget except variable costs which are $6,120 over budget.

HORATIO INC. Womens Shoe Division Responsibility Report For the Month Ended June 30, 2017 Difference Budget Actual Favorable Unfavorable Neither Favorable nor Unfavorable [Entry field with correct answer] Contribution Margin Controllable Margin Controllable Fixed Costs Fixed Costs Gross Profit Net Income/(Loss) Sales Variable Costs $ [Entry field with correct answer] $ [Entry field with correct answer] $ [Entry field with correct answer] [Entry field with correct answer] Favorable Unfavorable Neither Favorable nor Unfavorable [Entry field with correct answer] Contribution Margin Controllable Margin Controllable Fixed Costs Fixed Costs Gross Profit Net Income/(Loss) Sales Variable Costs [Entry field with incorrect answer] [Entry field with correct answer] [Entry field with incorrect answer] [Entry field with correct answer] Favorable Unfavorable Neither Favorable nor Unfavorable [Entry field with correct answer] Contribution Margin Controllable Margin Controllable Fixed Costs Fixed Costs Gross Profit Net Income/(Loss) Sales Variable Costs [Entry field with incorrect answer] [Entry field with correct answer] [Entry field with incorrect answer] [Entry field with correct answer] Favorable Unfavorable Neither Favorable nor Unfavorable [Entry field with correct answer] Contribution Margin Controllable Margin Controllable Fixed Costs Fixed Costs Gross Profit Net Income/(Loss) Sales Variable Costs [Entry field with correct answer] [Entry field with correct answer] [Entry field with correct answer] [Entry field with correct answer] Favorable Unfavorable Neither Favorable nor Unfavorable [Entry field with correct answer] Contribution Margin Controllable Margin Controllable Fixed Costs Fixed Costs Gross Profit Net Income/(Loss) Sales Variable Costs $ [Entry field with incorrect answer] $ [Entry field with correct answer] $ [Entry field with incorrect answer] [Entry field with correct answer] Favorable Unfavorable Neither Favorable nor Unfavorable