Answered step by step
Verified Expert Solution
Question
1 Approved Answer
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
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 is 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 $24,900 $25,100 Allocated portion of: Building depreciation 10,900 10,900 Advertising 4,700 4,700 Billing 3,800 2,900 Property taxes 1,300 1,000 Material and supplies 1,500 1,300 Supervisory salaries 9,400 9,600 Insurance 4,500 3,200 Wages 3,300 3,300 Gas and oil 3,000 3,300 Equipment depreciation 1,800 1,100 Prepare a responsibility report for the first quarter of 2020 for the Home Internet Service Segment. URLINK COMPANY Home Internet Services Segment Responsibility Report For the Quarter Ended March 31, 2020 Budgeted Actual $ $ $ $ $ $ URLINK COMPANY Home Internet Services Segment Responsibility Report For the Quarter Ended March 31, 2020 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Actual $ $ $ $
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started