Smith SMITH COMPANY

Sports Equipment Division

Responsibility Report

For the Year Ended December $31,2022$ Assume the division is an investment centre, and average operating assets were $$1,000,000.$ Calculate ROI. $($Round ROI to $1$

decimal place, e$.$g$.1\mathrm{.}5\%.)$

Return on investment

$\%$

eTextbook and MediaThe sports equipment division of James Smith Company is operated as a profit centre. Sales for the division were budgeted for $2022$

at $$890,000.$ The only variable costs budgeted for the division were cost of goods sold $($ $$439,000)$ and selling and administrative cost

$($$$60,000).$ Fixed costs were budgeted at $$100,000$ for cost of goods sold, $$89,000$ for selling and administrative costs, and

$$69,000$ for noncontrollable fixed costs. Actual results were as follows:

$($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.$)$

Smith SMITH COMPANY

Sports Equipment Division

Responsibility Report