Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Real Estate Products Division of Blossom Co. is operated as a profit center. Sales for the division were budgeted for 2022 at $1,416,000. The

The Real Estate Products Division of Blossom Co. is operated as a profit center. Sales for the division were budgeted for 2022 at $1,416,000. The only variable costs budgeted for the division were cost of goods sold ($656,000) and selling and administrative ($103,000). Fixed costs were budgeted at $176,500 for cost of goods sold, $154,500 for selling and administrative costs, and $118,000 for noncontrollable fixed costs. Actual results for these items were as follows: Sales Cost of goods sold $1,337,710 Variable 579,500 Fixed 191,500 Selling and administrative Variable 128,000 Fixed 123,000 Noncontrollable fixed 128,000 (a) Prepare a responsibility report for the Real Estate Products Division for 2022. (List variable costs before fixed costs.) Save for Later Budget BLOSSOM CO. Real Estate Products Division Responsibility Report 2022 $ Actual $ $ $ $ Diff Favo Unfav Not App Attempts: 0 of 1 used Submit

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

8. Explain the contact hypothesis.

Answered: 1 week ago

Question

7. Identify four antecedents that influence intercultural contact.

Answered: 1 week ago