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The Real Estate Products Division of Crane Co. is operated as a...

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Accounting

The Real Estate Products Division of Crane Co. is operated as a profit center. Sales for the division were budgeted for 2022 at
$1,405,000. The only variable costs budgeted for the division were cost of goods sold ($658,000) and selling and administrative
($104,000). Fixed costs were budgeted at $178,000 for cost of goods sold, $156,000 for selling and administrative costs, and
$119,000 for noncontrollable fixed costs. Actual results for these items were as follows:
Sales
$1,328,088
Cost of goods sold
Variable
581,000
Fixed
194,000
Selling and administrative
Variable
130,000
Fixed
124,000
Noncontrollable fixed
129,000CRANE CO.
Real Estate Products Division
Responsibility Report
2022
Difference
Favorable (F)
Unfavorable (U)
Budget
Actual
Not Applicable (NA)
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