Prepare a responsibility report for forest division

Assignment Help Accounting Basics
Reference no: EM133177070

Question - Forest Division operates as a profit centre. It reports the following actual results for the year: sales $1.005 million; variable costs $349,000; controllable fixed costs $217,000; and non-controllable fixed costs $100,000.

The annual budgeted amounts were: sales $1.113 million; variable costs $468,800; controllable fixed costs $217,000; and non-controllable fixed costs $100,000.

Prepare a responsibility report for Forest Division at December 31, 2020.

Reference no: EM133177070

Questions Cloud

Benefits information session : 1) How does attending a Benefits Information Session impact the employees' Overall Benefits Satisfaction and the employees' Turnover Intentions. Perform the ana
Why is inventory management important to companies : Why would a "Just in Case" or traditional inventory management practices be preferred to a "Just in Time" inventory management
What do you think about apples trademark prosecutions : What do you think about Apple's trademark prosecutions and If you were the owner of Sichuan Fangguo, what would you do
Explain long-term metrics : Short-term metrics can be used as a leading indicator to gauge a company's ability to place the right people in the right jobs, how are long-term metrics benefi
Prepare a responsibility report for forest division : The annual budgeted amounts were: sales $1.113 million; variable costs $468,800; Prepare a responsibility report for Forest Division at December 31, 2020
Identify how ups company makes money : Identify how UPS Company makes money. i. e., where it earns its revenue? Is UPS increasing or decreasing its long-term debt
Enactment of Workers Compensation laws : If this type of injury were to have occurred prior to the enactment of Workers' Compensation laws, what might the outcome of this case have been? Why?
Determine the book value of the division assets on december : Ziltech reported net income for the year of $8.7 million. Determine the book value of the division's assets on December 31, 2021
How much revenue will pita pal recognize for its arrangement : Rachel had completed training and was open for business. How much revenue in 2021 will Pita Pal recognize for its arrangement with Rachel

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd