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Business Finance

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Your answer is partially correct. Try again. Elbert Company accumulates the following summary data for the year ending December 31, 2014, for its Water Division, which it operates as a profit center: sales—$2,000,600 budget, $2,199,500 actual; variable costs—$1,012,600 budget, $1,058,860 actual; and controllable fixed costs—$299,250 budget, $303,480 actual. Prepare a responsibility report for the Water Division. ELBERT COMPANY Water Division Responsibility Report For the Year Ended December 31, 2014 Difference Budget Favorable F Unfavorable U Neither Favorable nor Unfavorable N Actual $ Sales $ $ F 2,000,600 2199500 189900 Variable Costs 1012600 1058860 46260 U Controllable Fixed Costs 299250 303480 4230 F Contribution Margin 688750 837160 $ Gross Profit 4001200 $ 4398940 Click if you would like to Show Work for this question: U 148410 $ F 388800 Open Show Work LINK TO TEXT SAVE Question Attempts: 2 of 5 used FOR LATER Copyright © 2000-2015 by John Wiley & Sons, Inc. or related companies. All rights reserved. SUBMIT ANSWER
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