Advent Manufacturing Company accumulates the following summary data for the year ending December 31, 2020, for its
water division. The division operates as a profit centre: sales—$2,043,900 budgeted, $2,180,900 actual; variable costs—$1,011,800 budgeted, $1,044,400 actual; and controllable fixed costs—$299,800 budgeted, $302,900 actual.
ADVENT MANUFACTURING COMPANY
For the Year Ended December 31, 2020
Budget Actual difference favourable/unfavorable/neither
Controllable Margin ? ? ? ?
Sales ? ? ? ?
Fixed Costs ? ? ? ?
Variable Costs ? ? ? ?
Net Income/(Loss) ? ? ? ?
Contribution Margin ? ? ? ?
Gross Profit ? ? ? ?
Controllable Fixed Costs ? ? ? ?