Question 7 Of 13 E View Policies Current Attempt In Progress The Sports Equipment Division Of Brandon Mccarthy Compa 1 (23.94 KiB) Viewed 37 times
Question 7 of 13 - / E View Policies Current Attempt in Progress The sports equipment division of Brandon McCarthy Company is operated as a profit centre. Sales for the division were budgeted for 2022 at $900,000. The only variable costs budgeted for the division were cost of goods sold ($440,000) and selling and administrative costs ($60,000). Fixed costs were budgeted at $100,000 for cost of goods sold, $90,000 for selling and administrative costs, and $70,000 for noncontrollable fixed costs. Actual results were as follows: $870,000 Sales Cost of goods sold Variable 405,000 Fixed 105,000 Selling and administrative costs Variable 62,000 Fixed 78,000 Noncontrollable fixed costs 80,000
Prepare a responsibility report for the sports equipment division for 2022. (List variable costs before fixed costs. If an answer is zero, please enter 0. Do not leave any fields blank.) McCarthy MCCARTHY COMPANY Sports Equipment Division Responsibility Report Budget Actual $ $ $ $ $ $ $ Teytbook and Media
(b) Assume the division is an investment centre, and average operating assets were $1,000,000. Calculate ROI. (Round ROI to 1 decimal place, e.g. 1.5%.) Return on investment % e Textbook and Media
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