Question
Use the following performance report for a profit center of Portia Corporation for the month ended December 31 to answer the questions below. CALCULATE AND
Use the following performance report for a profit center of Portia Corporation for the month ended
December 31 to answer the questions below. CALCULATE AND RECORD ALL OF THE MISSING INFORMATION
| Actual Results | Budget | Favorable (Unfavorable) Variance | |
| Sales | $ ? | $ 185 | $5 |
| Controllable variable costs | |||
| Variable cost of goods sold | $ 120 | $ ? | ($5) |
| Variable selling and administrative expenses | 10 | 16 | ? |
| Contribution margin | $ 60 | $ 54 | $ ? |
| Controllable fixed costs | ? | 50 | 0 |
| Profit center income | $ ? | $ ? | $6 |
17. Using the information provided for Portia Corporation, what were the actual sales?
| a. | $185 |
|---|---|
| b. | $35 |
| c. | $190 |
| d. | $40 |
18. Using the information provided for Portia Corporation, what was the actual profit center income?
| a. | $10 |
| b. | $6 |
| c d. | $4 $60 |
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Sustainability Performance And Reporting
Authors: Irene M. Herremans
1st Edition
1951527208, 9781951527204
