Horatio Inc. has three divisions which are operated as profit centers. Actual operating data for the...

Horatio Inc. has three divisions which are operated as profit centers. Actual operating data for the divisions listed alphabetically are as follows. Compute the missing amounts. Operating Data Women’s Shoes Men’s Shoes Children’s Shoes Contribution margin $270,000 $ (3) $180,000 Controllable fixed costs 100,000 (4) (5) Controllable margin (1) 90,000 95,000 Sales 600,000 450,000 (6) Variable costs (2) 320,000 250,000 Prepare a responsibility report for the Women’s Shoes Division assuming (1) the data are for the month ended June 30, 2020, and (2) all data equal budget except variable costs which are $5,000 over budget. HORATIO INC. Women’s Shoe Division Responsibility Report For the Month Ended June 30, 2020 Difference Budget Actual Favorable Unfavorable Neither Favorable nor Unfavorable $ $ $ $ $ $

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