1. Midwest Division operates as a profit center. It reports the following for the year.
|
Budgeted
|
Actual
|
|
Sales
|
$1,500,000
|
$1,700,000
|
|
Variable costs
|
700,000
|
800,000
|
|
Controllable fixed costs
|
400,000
|
400,000
|
|
Noncontrollable fixed costs
|
200,000
|
200,000
|
Prepare a responsibility report for the Midwest Division for December 31, 2010.