Solution-Prepare a responsibility report for the first

Prepare a responsibility report for the first quarter

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Reference no: EM132318434

Question

UrLink Company is a newly formed company specializing in high-speed Internet service for home and business. The owner, Lenny Kirkland, had divided the company into two segments: Home Internet Service and Business Internet Service. Each segment is run by its own supervisor, while basic selling and administrative services are shared by both segments.

Lenny has asked you to help him performance reporting system that will allow him to measure each segment's performance in terms of its profitability. To that end, the following information has been collected on the Home Internet Service segment for the first quarter of 2017.

	Budgeted	Actual
Service revenue	$24900	$26300
Allocated portion of:
Building depreciation	11500	11500
Advertising	5400	4300
Billing	3200	2700
Property taxes	1100	1000
Material and supplies	1500	1400
Supervisory salaries	8500	9500
Insurance	4100	3600
Wages	3100	3200
Gas and oil	2700	3200
Equipment depreciation	1600	1200

Prepare a responsibility report for the first quarter of 2017 for the Home Internet Service segment.

Reference no: EM132318434

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Prepare a responsibility report for the first quarter

Reference no: EM132318434

Reference no: EM132318434

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