Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the sports equipment division of david davis compa

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

80.2K

Verified Solution

Question

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

imageimage

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 $ $ $

Answer & Explanation Solved by verified expert
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