Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. horatio inc. has three divisions which are operate

Horatio Inc. has three divisions which are operated as profit centers. Actual operating data for the...

90.2K

Verified Solution

Question

Accounting

Horatio Inc. has three divisions which are operated as profitcenters. Actual operating data for the divisions listedalphabetically are as follows. Compute the missing amounts.Operating Data Women’s Shoes Men’s Shoes Children’s ShoesContribution margin $270,000 $ (3) $180,000 Controllable fixedcosts 100,000 (4) (5) Controllable margin (1) 90,000 95,000 Sales600,000 450,000 (6) Variable costs (2) 320,000 250,000 Prepare aresponsibility report for the Women’s Shoes Division assuming (1)the data are for the month ended June 30, 2020, and (2) all dataequal budget except variable costs which are $5,000 over budget.HORATIO INC. Women’s Shoe Division Responsibility Report For theMonth Ended June 30, 2020 Difference Budget Actual FavorableUnfavorable Neither Favorable nor Unfavorable $ $ $ $ $ $

Answer & Explanation Solved by verified expert
3.9 Ratings (499 Votes)
    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Physics
1.2K views

After a perfectly elastic collision of two identical balls one of which was initially at...

Physics
1.2K views

A spring has a certain mass suspended from it and its period for vertical oscillation...

Basic Math
1.2K views

Bonus: Rangeview High School has 1,160 students and is growing by 22 students each year....

Basic Math
1.2K views

You want to know if smoking rates are different in your state (call this population...

Algebra
1.2K views

Find at least the first four nonzero terms in a power series expansion about x...

Algebra
1.2K views

2 A rope to the top making the How tall 3ooft S bong is allached...

Algebra
1.2K views

Divide using synthetic division 3x 8x 35 x 5 2 3x 8x 35 x 5...

Accounting
1.2K views

Sunspot Beverages, Limited, of Fiji uses the weighted-average method in its process costing system. It...

Accounting
1.2K views

i. Calculate ALMA.coms weighted average cost of capital (WACC)

Accounting
1.2K views

A medical lab uses medical substances for its tests. It started the year on January...

Accounting
1.2K views

MCQ 7: The method, which allocates the cost of support department to operating and support...

Finance
1.2K views

Prepare an amortization schedule for a three-year loan of $60,000. The interest rate is 9...