For the year ending December 31, 2022, Sheridan Company accumulates the following data for the Plastics Division, which it operates as an investment center: contribution margin-$625,770 budget, $633,512 actual; controllable fixed costs-$299,200 budget, $303,100 actual. Average operating assets for the year were $1,921,000. Prepare a responsibility report for the Plastics Division beginning with contribution margin for the year ending December 31, 2022. (Round ROI to 1 decimal place, e.g. 1.5%.) Noncontrollable Fixed Costs Variable Costs $ $ Budget % $ $ SHERIDAN COMPANY Plastics Division Responsibility Report Actual % DİDİ

For the year ending December 31, 2022, Sheridan Company accumulates the following data for the Plastics Division, which it operates as an investment center: contribution margin-$625,770 budget, $633,512 actual; controllable fixed costs-$299,200 budget, $303,100 actual. Average operating assets for the year were $1,921,000. Prepare a responsibility report for the Plastics Division beginning with contribution margin for the year ending December 31, 2022. (Round ROI to 1 decimal place, e.g. 1.5%.) Noncontrollable Fixed Costs Variable Costs $ $ Budget % $ $ SHERIDAN COMPANY Plastics Division Responsibility Report Actual % DİDİ

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter7: Allocating Costs Of Support Departments And Joint Products

Section: Chapter Questions

Problem 30E: A company uses charging rates to allocate service department costs to the using departments. The...

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