Complete the following performance report for profit center P for the month ended December 31. If an amount is zero, enter "0". Enter all amounts as positive numbers. If required, round your answers to the nearest cent.
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Actual Results
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Variance
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Master Budget
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Sales
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$
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$20
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(F)
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$120
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Controllable variable costs:
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|
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|
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Variable cost of goods sold
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25
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10
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(U)
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$
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Variable selling and administrative expenses
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15
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$
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Select(F)(U)Item 4
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5
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Contribution margin
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$100
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$
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$100
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Controllable fixed costs
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$
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20
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(F)
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60
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Profit center operating income
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$60
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$20
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(F)
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$
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Performance measures:
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Number of orders processed
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50
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20
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(F)
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Average daily sales
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$
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$0.68
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(F)
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$4.00
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Number of units sold
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100
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40
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(F)
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