Question
The Olive Garden Division, a part of the Darden Corporation, reported the following data for the first quarter of 2016: Budget Actual Sales Revenue $
The Olive Garden Division, a part of the Darden Corporation, reported the following data for the first quarter of 2016:
Budget Actual
Sales Revenue $ 850,000 $ 900,000
Cost of Goods Sold
Variable 300,000 290,000
Controllable Fixed 100,000 120,000
Selling and Administrative
Variable 200,000 210,000
Controllable Fixed 150,000 170,000
Other fixed costs 50,000 40,000
Average operating assets $2,200,000 $2,400,000
INSTRUCTIONS
Assume that Olive Garden is an investment center. Prepare a responsibility performance report for the manager of the IHOP division.
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