The Sports Equipment Division of Bob Gibson Company is operated as - 10377

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yousafbhutta

yousafbhutta

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  • Posted on: Sat 26 May, 2012
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AE24-14


 

The Sports Equipment Division of Bob Gibson Company is operated as a profit center. Sales for the division were budgeted for 2012 at $899,680. The only variable costs budgeted for the division were cost of goods sold ($440,431) and selling and administrative ($59,445). Fixed costs were budgeted at $99,086 for cost of goods sold, $90,127 for selling and administrative and $69,134 for noncontrollable fixed costs. Actual results for these items were:

 

 

Sales

$880,428

 

Cost of goods sold

 
 

    Variable

408,539

 

    Fixed

104,075

 

Selling and administrative

 

 

    Variable

60,433

 

    Fixed

67,616

 

Noncontrollable fixed

79,900

 

 

 

Complete the responsibility report for the Sports Equipment Division for 2012.

 

Assume the division is an investment center, and average operating assets were $1,169,700. Compute ROI. (Round answer to 1 decimal place, e .g. 12.5.)

 

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AE24-14 Solutio...