Posted: June 10th, 2024
The Sports Equipment Division of Duncan Donnegal Company
E10-16 The Sports Equipment Division of Duncan Donnegal Company is operated as a profit center. Sales for the division were budgeted for 2011 at $900,000. The only vari- able 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. Ac- tual results for these items were:Sales$880,000Cost of goods soldVariable409,000Fixed105,000Selling and administrativeVariable61,000Fixed67,000Noncontrollable fixed80,000Instructions(a) Prepare a responsibility report for the Sports Equipment Division for 2011.(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.
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