tion l P10-4A Clarke Inc. operates the Patio Fumiture Division as a profit center. Operating...

60.1K

Verified Solution

Question

Accounting

image
tion l P10-4A Clarke Inc. operates the Patio Fumiture Division as a profit center. Operating data for this division for the year ended December 31, 2017, are as shown below Difference Budget from Budget $2,500,000 $50,000 F Sales Cost of goods sold Variable Controllable fixed 1,300,000 41,000 F 200,000 3,000U Selling and administrative 220,000 6,000U 50,000 2,000U Noncontrollable fixed costs 70,000 4,000U Variable Controllable fixed In addition, Clarke incurs $180,000of indirect fixed costs that were budgeted at $175,000 20% of these costs are allocated to the Patio Furniture Division. Instructions (a) Prepare a responsiblity report for the Patio Furniture Division for the year (b)--Comment on the manager's performance in controlling revenues and costs. (c Identify any costs excluded from the responsibility report and explain why they were excluded

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