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The sports equipment division of James Smith Company is operated as a profit centre. Sales for the division were budgeted for 2 0 2 2
The sports equipment division of James Smith Company is operated as a profit centre. Sales for the division were budgeted for Responsibility Report For the Year Ended December Budget Actual $ $ $ Cost of Goods Sold rceil Difference Favourable Unfavourable Neither Favourable nor Unfavourable at $ The only variable costs budgeted for the division were cost of goods sold $ and selling and administrative cost $ Fixed costs were budgeted at $ for cost of goods sold, $ for selling and administrative costs, and $ for noncontrollable fixed costs. Actual results were as follows: a Prepare a responsibility report for the sports equipment division for List variable costs before fixed costs. If an answer is zero, please enter Do not leave any fields blank. Smith SMITH COMPANY Sports Equipment Division Responsibility Report
The sports equipment division of James Smith Company is operated as a profit centre. Sales for the division were budgeted for Responsibility Report
For the Year Ended December
Budget
Actual
$
$
$
Cost of Goods Sold
rceil Difference
Favourable
Unfavourable
Neither Favourable
nor Unfavourable
at $ The only variable costs budgeted for the division were cost of goods sold $ and selling and administrative cost
$ Fixed costs were budgeted at $ for cost of goods sold, $ for selling and administrative costs, and
$ for noncontrollable fixed costs. Actual results were as follows:
a
Prepare a responsibility report for the sports equipment division for List variable costs before fixed costs. If an answer is zero,
please enter Do not leave any fields blank.
Smith SMITH COMPANY
Sports Equipment Division
Responsibility Report
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