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(Solution Download) The Sports Equipment Division of Harrington Company is operated as a profit center. Sales for the di


 

 

 

 

 

 

 

The Sports Equipment Division of Harrington Company is operated

 

as a profit center. Sales for the division were budgeted for 2014

 

at $900,130. The only variable costs budgeted for the division were

 

cost of goods sold ($443,920) and selling and administrative

 

($60,860). Fixed costs were budgeted at $101,120 for cost of goods

 

sold, $94,440 for selling and administrative, and $74,300 for

 

noncontrollable fixed costs. Actual results for these items

 

were:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales$885,210
Cost of goods sold
       Variable416,920
       Fixed108,420
Selling and administrative
       Variable64,360
       Fixed73,460
Noncontrollable fixed93,770

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prepare a responsibility report for the Sports Equipment

 

Division for 2014. (List variable costs before fixed

 

costs.)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

HARRINGTON COMPANY

 

Sports Equipment Division

 

Responsibility Report

 

2014

 

 

Difference

 

 

Budget

 

 

Actual

 

 

Favorable (F)

 

Unfavorable (U)

 

Neither Favorable

 

nor Unfavorable (N)

 

 

 

 

$

 

 

$

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

 

 

$

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

Assume the division is an investment center, and average

 

operating assets were $1,082,900. The noncontrollable fixed costs

 

are controllable at the investment center level. Compute ROI.

 

(Round ROI to 1 decimal place, e.g.

 

1.5%.)

 

 

 

 

 

 

 

 

 

 

Return on investment

 

 

%

 

 


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