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 |
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Money, Markets And Capital The Case For A Monetary Analysis
Authors: Jean Cartelier
1st Edition
0815355777, 9780815355779
