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Problem 23-4A a (Video) Swifty Inc. operates the Patio Furniture Division as a profit center. Operating data for this division for the year ended December
Problem 23-4A a (Video) Swifty Inc. operates the Patio Furniture Division as a profit center. Operating data for this division for the year ended December 31, 2020, are as shown below. Difference from Budget Budget Sales $2,510,000 $49,000 Favorable Cost of goods sold Variable Controllable fixed 1,304,700 37,300 Favorable 207,100 3,200 Unfavorable Selling and administrative Variable Controllable fixed 224,700 7,500 Unfavorable 47,8001,600 Unfavorable 3,100 Unfavorable Noncontrollable fixed costs 67,400 In addition, Swifty incurs $180,500 of indirect fixed costs that were budgeted at $176,000. Twenty percent (20%) of these costs are allocated to the Patio Furniture Division. Prepare a responsibility report for the Patio Furniture Division for the year. (List variable costs before fixed costs.) SWIFTY INC. Patio Furniture Division Responsibility Report For the Year Ended December 31, 2020 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual Click if you would like to Show Work for this question: Open Show Work
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