Jantzen Manufacturing Inc. operates the Patio Furniture Division as a profit center. Operating data for this division for the year ended December 31, 2010, are as shown below.
Budget
Difference
from Budget
Sales $2,507,800 $64,810 F
Cost of goods sold
Variable 1,304,000 43,910 F
Controllable fixed 207,490 7,210 U
Selling and administrative
Variable 222,400 7,480 U
Controllable fixed 54,560 3,990 U
Noncontrollable fixed costs 76,840 5,470 U
In addition, Jantzen Manufacturing incurs $185,670 of indirect fixed costs that were budgeted at $178,080. Twenty percent (20%) of these costs are allocated to the Patio Furniture Division.
Complete the responsibility report for the Patio Furniture Division for the year.
JANTZEN MANUFACTURING INC.
Patio Furniture Division
Responsibility Report
For the Year Ended December 31, 2010
Difference
Favorable F
Budget
Actual
Unfavorable U
Sales $
$
$
FU
Variable costs
Cost of goods sold FU
Selling & admin.
UF
Tot. variable costs
FU
Contribution margin
FU
Controllable fixed costs
Cost of goods sold UF
Selling & admin.
UF
Tot. fixed costs
FU
Controllable margin $
$
$
FU
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