Midwest Division operates as a profit center. It reports the following for the year:
|
|
Budgeted |
Actual |
|
Sales |
$1,500,000 |
$1,700,000 |
|
Variable Costs |
700,000 |
800,000 |
|
Controllable fixed costs |
400,000 |
400,000 |
|
Non Controllable fixed costs |
200,000 |
200,000 |
Prepare a responsibility report for December 31, 2011.