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UrLink Company is a newly formed company specializing in high-speed Internet service for home and business. The owner, Lenny Kirkland, had divided the company
UrLink Company is a newly formed company specializing in high-speed Internet service for home and business. The owner, Lenny Kirkland, had divided the company into two segments: Home Internet Service and Business Internet Service. Each segment la run by its own supervisor, while basic selling and administrative services are shared by both segments. Lenny has asked you to help him create a performance reporting system that will allow him to measure each segment's performance in terms of its profitability. To that end, the following Information has been collected on the Home Internet Service segment for the first quarter of 2020. Budgeted Actual Service revenue $25,200 $26,000 Allocated portion of Building depreciation 11,700 11,700 Advertising 5,400 4,600 Billing 3,600 3,100 Property taxes 1,200 1,100 Material and supplies 1,400 1,300 Supervisory salaries 9,000 9,300 Insurance 4,100 3,200 Wages 2,800 3,300 Gas and all 2,900 3,600 Equipment depreciation 1,700 1,500 Prepare a responsibility report for the first quarter of 2020 for the Home Internet Service Segment $ Budgeted URLINK COMPANY Home Internet Services Segment Responsibility Report For the Quarter Ended March 31, 2020 Actual
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