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Question 7 of 13 -/1 The sports equipment division of Edward Lewis Company is operated as a profit centre Sales for the division were budgeted

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Question 7 of 13 -/1 The sports equipment division of Edward Lewis Company is operated as a profit centre Sales for the division were budgeted for 2022 at $904,000. The only variable costs budgeted for the division were cost of goods sold ($440,000) and selling and administrative costs ($60,000). Fixed costs were budgeted at $105,000 for cost of goods sold, 592,000 for selling and administrative costs, and $75,000 for noncontrollable fixed costs. Actual results were as follows: Sales $860.000 Cost of goods sold Variable 414,000 Fixed 108,000 Selling and administrative costs Variable 63.000 Fixed 74.000 Noncontrollable forced costs 90.000 (a) Prepare a responsibility report for the sports equipment division for 2022. (List variable costs before fixed costs. If an answer is zero, please enter 0. Do not leave any fields blank.) Lewis LEWIS COMPANY Sports Equipment Division Responsibility Report Budget Actual $ S S - / 1 ili View Policies Current Attempt in Progress The sports equipment division of Edward Lewis Company is operated as a profit centre Sales for the division were budgeted for 2022 at $904,000. The only variable costs budgeted for the division were cost of goods sold ($440,000) and selling and administrative costs ($60,000). Fixed costs were budgeted at $105,000 for cost of goods sold, $92,000 for selling and administrative costs, and $75,000 for noncontrollable fixed costs. Actual results were as follows: Sales $860,000 Cost of goods sold Variable 414,000 Fixed 108,000 Selling and administrative costs Variable 63.000 Fixed 74,000 Noncontrollable forced costs 90,000 Prepare a responsibility report for the sports equipment division for 2022. (List variable costs before fixed costs. If an answer is zero, please enter 0. Do not leave any fields blank.) Lewis LEWIS COMPANY Sports Equipment Division Responsibility Report Budget Actual Difference Favourable Unfavourable Neither Favourable nor Unfavourable $ S

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