{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-25T09:04:49-04:00", "answer_date": "2024-05-25 09:04:49", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1678284", "url": "\/study-help\/questions\/the-camping-division-of-jl-company-is-operated-as-a-1678284", "question_creation_date_js": "2024-05-25T09:04:49-04:00", "question_creation_date": "May 25, 2024 09:04 AM", "meta_title": "[Solved] The Camping Division of JL Company is ope | SolutionInn", "meta_description": "Answer of - The Camping Division of JL Company is operated as a profit center. Sales for the division were budgeted for 2020 at $6 | SolutionInn", "meta_keywords": "camping,division,jl,company,operated,profit,center,sales,budgeted,2020,$688,000,variable", "question_title_h1": " The Camping Division of JL Company is operated as a profit center. Sales for the division were budgeted for 2020 at $688,000. The only", "question_title": " The Camping Division of JL Company is operated as a profit", "question_title_for_js_snippet": "The Camping Division of JL Company is operated as a profit center Sales for the division were budgeted for 2020 at $688,000 The only variable costs budgeted for the division were cost of goods sold ($336,000) and selling and administrative ($46,000) Fixed costs were budgeted at $79,000 for cost of goods sold, $71,000 for selling and administrative, and $68,000 for noncontrollable fixed costs Actual results for these items were Sales $668,000 Cost of goods sold Variable 312,000 Fixed 82,000 Selling and administrative Variable 47,000 Fixed 52 000 Noncontrollable fixed 68,000 lable Costs st of Goods Sold iling and Administrative al Variable Costs v $ Budget JL Company Camping Division Responsibility Report Actual 668,000 $ 668,000 $ 336 000 312,000 46,000 82 000 24,000 36,000 4 Ni B Assume the division is an Investment center, and average operating assets were $1,000,000 The controllable FRED LOSL controllable at the investment center level Compute ROI (Round answer to 2 decimal places, eg 15 25 ) Return on investment Upon further analysis, JL Company determined that if it committed to a 12 month advertising campaign costing $19,000, it could Increase budgeted sales by 25 Variable costs also will increase by 25 Fixed cost of goods sold would remain at $79,000 and selling and administrative expenses increases by the $19,000 cost of this contract to a total of $90,000 Noncontrollable fixed costs would remain at $68,000 This plan resulted in the following actual results Sales $858,000 Cost of goods sold Variable 414,000 Fixed 82,000 Selling and administrative Variable 55,500 Fixed 71,000 Noncontrollable foxed 68,000 Budget Camping Division Responsibility Report 3 S $ Actual $ N D The increase in advertising the company Assume the division is an investment center, and average operating assets were $1,000,000 The noncontrollable foxed costs are controllable at the investment center level Compute ROI (Round answer to 2 decimal places, eg 15 25 ) Return on investment Indicate the impact of the change on ROI (Round answer to 2 decimal places, eg 15 25 ) Return on investment by ", "question_description": "\"image\"image\"image\"image\"image", "transcribed_text": "The Camping Division of JL Company is operated as a profit center. Sales for the division were budgeted for 2020 at $688,000. The only variable costs budgeted for the division were cost of goods sold ($336,000) and selling and administrative ($46,000). Fixed costs were budgeted at $79,000 for cost of goods sold, $71,000 for selling and administrative, and $68,000 for noncontrollable fixed costs. Actual results for these items were Sales $668,000 Cost of goods sold Variable 312,000 Fixed 82,000 Selling and administrative Variable 47,000 Fixed 52.000 Noncontrollable fixed 68,000 lable Costs st of Goods Sold iling and Administrative al Variable Costs v $ Budget JL Company Camping Division Responsibility Report Actual 668,000 $ 668,000 $ 336.000 312,000 46,000 82.000 24,000 36,000 4 Ni B Assume the division is an Investment center, and average operating assets were $1,000,000. The controllable FRED LOSL controllable at the investment center level. Compute ROI. (Round answer to 2 decimal places, eg. 15.25%) Return on investment % Upon further analysis, JL Company determined that if it committed to a 12 month advertising campaign costing $19,000, it could Increase budgeted sales by 25%. Variable costs also will increase by 25%. Fixed cost of goods sold would remain at $79,000 and selling and administrative expenses increases by the $19,000 cost of this contract to a total of $90,000. Noncontrollable fixed costs would remain at $68,000. This plan resulted in the following actual results: Sales $858,000 Cost of goods sold Variable 414,000 Fixed 82,000 Selling and administrative Variable 55,500 Fixed 71,000 Noncontrollable foxed 68,000 > Budget Camping Division Responsibility Report 3 S $ Actual $ N D The increase in advertising the company. Assume the division is an investment center, and average operating assets were $1,000,000. The noncontrollable foxed costs are controllable at the investment center level. Compute ROI. (Round answer to 2 decimal places, eg 15.25%) Return on investment % Indicate the impact of the change on ROI. (Round answer to 2 decimal places, eg. 15.25%) Return on investment by %", "related_book": { "title": "Accounting for Governmental and Nonprofit Entities", "isbn": "78110939, 978-0078110931", "edition": "16th Edition", "authors": "Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/273.jpg", "uri": "\/textbooks\/accounting-for-governmental-and-nonprofit-entities-16th-edition-273", "see_more_uri": "" }, "free_related_book": { "isbn": "0333305140", "uri": "\/textbooks\/introducing-organizational-behaviour-1st-edition-9780333305140", "name": "Introducing Organizational Behaviour", "edition": "1st Edition" }, "question_posted": "2024-05-25 09:04:49", "see_more_questions_link": "\/study-help\/questions\/business-marketing-2022-June-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/statistics-for-business-and-economics\/in-the-game-of-roulette-a-gambler-who-wins-the-1277843", "description": "In the game of roulette, a gambler who wins the bet receives $36 for every dollar she or he bet. A gambler who does not win receives nothing. 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