Zhongfang Consumer Products Has a Small Car Division That Operates

question 107

Essay

Zhongfang Consumer Products has a small car division that operates as a profit center. Below is a partially completed performance report for the first quarter. Please complete the report in the format below.
Profit Center Performance Report $$\begin{array} { | l | r | r | r | r | r | l | } \hline & & & \text { Flexible Budget } & & & \\\hline &{ \text { Actual } } & \text { Flexible Budget } & \text { Variance } & \text { U/F } & \text { \% variance } & \text { U/F } \\\hline \text { Sales Revenue } & \$ 688,000 & \$ 700,000 & & & & \\\hline \text { Variable expenses } & 309,000 & 320,000 & & & & \\\hline \text { Contribution margin } & 379,000 & 380,000 & & & & \\\hline \text { Traceable fixed expenses } & 371,000 & 368,000 & & & & \\\hline \text { Division margin } & \$ 8,000 & \$ 12,000 & & & & \\\hline\end{array}$$

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Definitions:

Anion

A negatively charged ion, which has more electrons than protons.

CCC Bond Angle

The internal angle formed between three consecutively bonded carbon atoms in a molecule, often approximated to 109.5° in a tetrahedral arrangement.

CCC Bond Angle

The angle between three carbon atoms connected in sequence, significant in determining the shape and properties of organic molecules.

Hybridization

A concept in molecular chemistry that describes the mixing of atomic orbitals to form new hybrid orbitals, which can house electrons for bonding or reactivity.