Bramble Company manufactures a variety of tools and industrial equipment. The company operates through three divisions. Each division is an investment center. Operating data for the Home Division for the year ended December 31, 2022, and relevant budget data are as follows. Actual Comparison with BudgetSales $1,400,000 $101,000 favorableVariable cost of goods sold 680,000 56,000 unfavorableVariable selling and administrative expenses 124,000 24,000 unfavorableControllable fixed cost of goods sold 171,000 On target Controllable fixed selling and administrative expenses 81,000 On target Average operating assets for the year for the Home Division were $2,000,000, which was also the budgeted amount. Prepare a responsibility report for the home division.

Responsibility report: It is a summary report of all budgeting budgets for individual managers.…

Answered: Bramble Company manufactures a variety…

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter16: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 37P: Katayama Company produces a variety of products. One division makes neoprene wetsuits. The divisions...

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Bramble Company manufactures a variety of tools and industrial equipment. The company operates through three divisions. Each division is an investment center. Operating data for the Home Division for the year ended December 31, 2022, and relevant budget data are as follows.

	Actual	Comparison with Budget
Sales	$1,400,000	$101,000	favorable
Variable cost of goods sold	680,000	56,000	unfavorable
Variable selling and administrative expenses	124,000	24,000	unfavorable
Controllable fixed cost of goods sold	171,000	On target
Controllable fixed selling and administrative expenses	81,000	On target

Average operating assets for the year for the Home Division were $2,000,000, which was also the budgeted amount. Prepare a responsibility report for the home division.

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