Rosales Enterprises Has a Forklift Division That Operates as a Profit

Essay

Rosales Enterprises has a forklift division that operates as a profit center.Below is a partially completed responsibility report for the first quarter.Complete the responsibility report.(Round percentages to one decimal place.)
$$\textbf{Rosales Enterprises}\\\textbf{Responsibility Report}$$

$\begin{array}{lrr}&&&\textbf { Flexible Budget }\\\textbf { Product } & \textbf { Actual } & \textbf { Flexible } & \textbf { Variance } & \textbf { Percentage } \\\textbf { Type } & \textbf { Results } & \textbf { Budget } & \textbf { (F or U) } & \textbf { Variance }\\\text { Sales Revenue } & \$ 688,200 & \$ 700,000 \\\underline{\text{Variable Expense }} & \underline{309,000} & \underline{320,000} \\\text { Contribution Margin } \\\underline{\text{Traceable Fixed Expense }} & \underline{371,000} & \underline{369,000} \\\text { Divisional Segment Margin }\end{array}$