Problem:
The Wellstone Division operates as a profit center. It reports the following for the year.
|
Budgeted
|
Actual
|
|
Sales
|
$2,000,000
|
$1,800,000
|
|
Variable costs
|
800,000
|
750,000
|
|
Controllable fixed costs
|
550,000
|
550,000
|
|
Noncontrollable fixed costs
|
250,000
|
250,000
|
Prepare a responsibility report for the Wellstone Division at December 31, 2012.