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Tools Kimmel, Accounting, 6e Help I System Announcements CALCULATORPRINTER VERSION BACK NEX Problem 22-5A (Part...

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Accounting

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Tools Kimmel, Accounting, 6e Help I System Announcements CALCULATORPRINTER VERSION BACK NEX Problem 22-5A (Part Level Submission) Optimus Company manufactures a variety of tools and industrial equipment. The company operates through three divisions Each division is an investment center. Operating data for the Home Division for the year ended December 31, 2017, and relevant budget data are as follows. Actual Comparison with Budget Sales Variable cost of goods sold Variable selling and administrative expenses Controllable fixed cost of goods sold Controllable fixed selling and administrative expenses $1,400,000 $101,000 favorable 675,000 126,000 170,000On target 55,000 unfavorable 25,000 unfavorable 81,000 on target Average operating assets for the year for the Home Division were $1,999,000 which was also the budgeted amount. (a) prepare a responsibility report for the Home Division. ( place, e.g. 1.5.) OPTIMUS COMPANY Home Division Responsibility Report For the Year Ended December 31, 2017 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual

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