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The sports equipment division of David Davis Company is operated as a profit centre. Sales...

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Accounting

The sports equipment division of David Davis Company is operated as a profit centre. Sales for the division were budgeted for 2022 at $897,000. The only variable costs budgeted for the division were cost of goods sold ($444,000) and selling and administrative costs ($62,000). Fixed costs were budgeted at $102,000 for cost of goods sold, $91,000 for selling and administrative costs, and $70,000 for noncontrollable fixed costs. Actual results were as follows:

Sales

 $861,000

Cost of goods sold

Variable

 416,000

Fixed

 107,000

Selling and administrative costs

Variable

 65,000

Fixed

 70,000

Noncontrollable fixed costs

 95,000

Prepare a responsibility report for the sports equipment division for 2022

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Davis DAVIS COMPANY Sports Equipment Division Responsibility Report Budget Actual > $ $ $ $ LA $ $ $ Davis DAVIS COMPANY Sports Equipment Division Responsibility Report Budget Actual Difference Favourable Unfavourable Neither Favourable nor Unfavourable $ $ $

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