Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribedimage text in transcribed

Marigold 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 Contribution margin Controllable fixed costs Controllable margin Sales Variable costs eTextbook and Media Women's Shoes $253,800 $ 94,000 Men's Shoes 122,200 (3) Children's Shoes $169,200 37,600 (4) 79900 (5) 159,800 (1) 84,600 89,300 564,000 423,000 404,200 (6) 310.200 (2) 300,800 235,000 Prepare a responsibility report for the Women's Shoes Division assuming (1) the data are for the month ended June 30, 2022, and (2) all data equal budget except variable costs which are $4,700 over budget. Sales Varlable Costs Contribution Margin Controllable Fixed Costs Contribution Margin Budget $ MARIGOLD INC. Women's Shoe Division Responsibility Report June 30, 2022 564000 $ 305500 258500 94000 Actual 564000 $ 310200 253800 94000 $ 164500 $ 159800 $

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Accounting

Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik

10th edition

0-07-794127-6, 978-0-07-79412, 978-0077431808

More Books

Students also viewed these Accounting questions

Question

Write a paper on Health-Care Fraud

Answered: 1 week ago