Sarasota Company is a newly formed company specializing in high-speed Internet service for home and business....
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Sarasota Company is a newly formed company specializing in high-speed Internet service for home and business. The owner, Lenny Kirkland, divided the company into two segments: Home Internet Service and Business Internet Service. Each segment is run by its own supervisor, while basic selling and administrative services are shared by both segments. Lenny has asked you to help him create a performance reporting system that will allow him to measure each segment's performance in terms of its profitability. To that end, the following information has been collected on the Home Internet Service segment for the first quarter of 2022. Budgeted Actual Service revenue $27,000 $28,296 Allocated portion of: Building depreciation 11.880 11,880 Advertising 5,400 4,536 Billing 3,780 3,240 Property taxes 1,296 1,080 Material and supplies 1,728 1,296 Supervisory salaries 9.720 10,260 Insurance: 4,320 4,212 Wages 3,240 3,510 Gas and oil 3,024 3,672 Equipment depreciation 1,620 1,404 Sarasota Company is a newly formed company specializing in high-speed Internet service for home and business. The owner, Lenny Kirkland, divided the company into two segments: Home Internet Service and Business Internet Service. Each segment is run by its own supervisor, while basic selling and administrative services are shared by both segments. Lenny has asked you to help him create a performance reporting system that will allow him to measure each segment's performance in terms of its profitability. To that end, the following information has been collected on the Home Internet Service segment for the first quarter of 2022. Budgeted Actual Service revenue $27,000 $28,296 Allocated portion of: Building depreciation 11.880 11,880 Advertising 5,400 4,536 Billing 3,780 3,240 Property taxes 1,296 1,080 Material and supplies 1,728 1,296 Supervisory salaries 9.720 10,260 Insurance: 4,320 4,212 Wages 3,240 3,510 Gas and oil 3,024 3,672 Equipment depreciation 1,620 1,404
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