One subunit of River Sports Company has the following financial results last month: Requirements 1. Complete the
Question:
Requirements
1. Complete the performance evaluation report for this subunit (round to four decimals).
2. Based on the data presented, what type of responsibility center is this subunit?
3. Which items should be investigated if part of management's decision criteria is to investigate all variances exceeding $3,100 or 11%?
4. Should only unfavorable variances be investigated? Explain.
Transcribed Image Text:
Flexible Budget Flexible Budget t Variance (U or F Variance%* (U or F) RiverSports Subunit X Actual Direct labor. Indirect labor Utilities Depreciation Repairs and maintenance Total 15,000 26,000 12,000 15,500 7,500 $105,420 $101,000 14,235 29,275 13,170 15,500 6,315
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 76% (17 reviews)
1 River SportsSubunit Actual Budget Budget Variance U ...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Managerial Accounting questions
-
One subunit of Hazelton Sports Company has the following financial results last month: Requirements 1. Complete the performance evaluation report for this subunit (round to four decimals). 2. Based...
-
One subunit of Mountain Sports Company had the following financial results last month: Requirements 1. Complete the performance evaluation report for this subunit. Enter the variance percent as a...
-
One subunit of Boxing Sports Company had the following financial results last month: Requirements 1. Complete the performance evaluation report for this subunit (round to two decimal places). 2....
-
Suppose the final exam in this class has a normal, or bell-shaped, grade distribution of exam scores, with an average score of 80. An approximate function that models your classs grades on the exam...
-
What are the various factors/forces/drivers that determine the globalization potential of industries? How do global industries differ from multi-domestic industries?
-
Identify strategies that can introduce inefficiencies to a manufacturer in times of normal operations.
-
What activities are associated with selling a home?
-
Mini- Case: Going- Concern Reporting. Refer to the mini-case GM: Running on Empty on page C11 and respond to questions 1 6. 1. Reviewing GMs financial information in GM Exhibit 1 and its stock price...
-
Molander Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning the next month's budget appear below: Selling price per unit Variable expense per unit Fixed expense per...
-
Megan is a 27 year old woman living in Tampa with her boyfriend. They have been in a relationship for 2 years and are mutually monogamous. She is going to her healthcare provider to find an...
-
Cardinal Corporation is preparing its balanced scorecard for the past quarter. The balanced scorecard contains four perspectives: financial, customer, internal business process, and learning and...
-
Wendell Chemical Corporation has several segments within its Northern Division. To follow are the actual and budgeted sales revenues for the most recent year ending June 30. All dollar amounts are in...
-
The space station orientation controller described in Exercise E7.6 is implemented with a sampler and hold and has the transfer function. (a) Plot the root locus, (b) Determine the value of K so that...
-
A manufacturing company has decided to purchase equipment that has an initial cost of $267,000. The equipment will be used for 17 years, at which point it will have a salvage value of $32,040 The...
-
Given that values is of type LLNode and references a linked list (possibly empty) of Integer objects, what does the following code do if invoked as mystery (values)? int mystery (LLNode list) { if...
-
In the early 20th century, a great industrialist said: "It is well enough that the nation's people do not understand our banking and monetary system, for if they did, I believe there would be a...
-
12. Given |a| = 8,|| = 12, and | + b| = 16, find the angle 0 = (a,b) (the angle between the vectors a and b when they are positioned tail to tail).
-
A bond has a duration of 7.81 with a yield-to-maturity of 6.1. The current bond price is $1,124.61. Convexity for this bond is determined to be 98.84. What would be the bond's new price if interest...
-
For a recent year, the balance sheet for The Campbell Soup Company includes accrued expenses of $560 million. The income before taxes for The Campbell Soup Company for the year was $1,242 million. a....
-
Reichenbach Co., organized in 2018, has set up a single account for all intangible assets. The following summary discloses the debit entries that have been recorded during 2018 and 2019. Instructions...
-
Members of the board of directors of Security Alliance have received the following operating income data for the year just ended: Members of the board are surprised that the industrial systems...
-
Agee Products, located in Peoria, Arizona, produces two lines of electric toothbrushes: Deluxe and Standard. Because Agee can sell all of the toothbrushes it produces, the owners are expanding the...
-
Mountain Sports manufactures snowboards. Its cost of making 1,850 bindings is as follows: Direct materials .................................................................................. $ 18,500...
-
3 points 1 Skipped Chapter 06 Practice Test Question 01 Two years ago, you opened an investment account and deposited $10,000. One year ago, you added another $2,500 to the account. Today, you are...
-
The rights of common stockholders generally include the right to O share proportionately in any new issues of preferred stock. O exclude preferred stockholders from voting rights. O receive cash...
-
Discuss Utilizing ratio analysis to make financial decisions. Please reference and cite chapter 3 of Foundations of Financial Management. Block, S. B., Hirt, G. A., & Danielson, B. R. (2017)....
Study smarter with the SolutionInn App