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Can you explain how you solved this, please? One subunit of Extreme Sports Company had the following financial results last month (Click the icon to
Can you explain how you solved this, please?
One subunit of Extreme Sports Company had the following financial results last month (Click the icon to view the firsancial results .) Read the requirements Requirement 1. Complete the performance evaluation report for this subunit. Enter the variance percent as a percentage of the budgeted amount rounded to two places. (Enter a variance for each account as a positive number, and select whether the variance is favorable [F] or unfavorable [U]. For any zero variances, enter a in the variance column and then leave the For U box blank. Enter the variance percent as a percentage rounded to two decimal places, X.XX%.) Actual Flexible Flexible Budget Extreme - Subunit X Results Budget Variance (F or U) (U Direct Materials $ 29,100 $ 27.300 U Data Table Direct Labor 13,600 14,100 F Indirect Labor 26,200 22,900 U Actual Utilities 12,900 12,000 U Flexible Budget % Variance Extreme Subunit X Results Flexible Budget Variance (For U) (For U) Depreciation 27,000 27,000 OF Direct Materials $ 29,100 $ 27,300 Repairs and Maintenance 4,400 5.100 F Direct Labor 13,600 14,100 $ 113,200 $ Total 108.400 U Indirect Labor 26,200 22,900 Utilities 12.900 12,000 Depreciation 27,000 27,000 4.400 Repairs and Maintenance 5,100 Requirements 5 113,200 $ Total 108,400 ( Print ) Print 1. Complete the performance evaluation report for this subunit. Enter the variance percent as a percentage of the budgeted amount rounded to two decimal places. 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 $2,500 or 10%? 4. Should only unfavorable variances be investigated? Explain. Done Print Done Choose from any list or enter any number in the input fields and then click CheckStep by Step Solution
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