This Website Has Been Moved to a New Link


Loading

Harrington Sports Equipment

Price: $1.99


The Sports Equipment Division of Harrington Company is operated as a profit
center. Sales for the division were budgeted for 2014 at $900,000. The only variable costs
budgeted for the division were cost of goods sold ($440,000) and selling and administrative
($60,000). Fixed costs were budgeted at $100,000 for cost of goods sold, $90,000 for
selling and administrative, and $70,000 for noncontrollable fixed costs. Actual results for
these items were:


Sales   880,000
Cost of goods sold
 Variable   408,000
 Fixed   105,000
Selling and administrative
 Variable   61,000
 Fixed   66,000
Noncontrollable fixed   90,000

Instructions
(a) Prepare a responsibility report for the Sports Equipment Division for 2014.
(b) Assume the division is an investment center, and average operating assets were
$1,000,000. The noncontrollable fixed costs are controllable at the investment center
level. Compute ROI

3 comments:

  1. This is such a great resource that you are providing and you give it away for free. I love seeing blog that understand the value. Im glad to have found this post as its such an interesting one! I am always on the lookout for quality posts and articles so i suppose im lucky to have found this! I hope you will be adding more in the future... 2016 obsession bows

    ReplyDelete
  2. Excellent .. Amazing .. I’ll bookmark your blog and take the feeds also…I’m happy to find so many useful info here in the post, we need work out more techniques in this regard, thanks for sharing. rezultati fudbal uzivo

    ReplyDelete
  3. This is very educational content and written well for a change. It's nice to see that some people still understand how to write a quality post! Cricket betting tips free

    ReplyDelete