Contest Sports Company-Team Sports Subunit Monthly Performance Report For the Month Variance Product Actual Budgeted Variance Percentage Sales $ 546,000 500,000 46000 F % F Requirements Less: Variable expenses 388,500 375,000 13500 U % Contribution margin $ 157,500 $ 125,000 32500 % Less: Direct fixed expenses Segment margin 52,050 50,000 2050 U % $ 105,450 $ 75,000 30450 F % UF UF 38,500 Less: Common fixed expenses $ 66,950 $ 25,000 50,000 Operating income 16950 13500 U F % 1. Complete the performance evaluation report for this subunit (round to three 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 the management's decision criteria is to investigate all variances equal to or exceeding $13,500 and exceeding 12% (both criteria must be met)? 4. Should only unfavorable variances be investigated? Explain. U 5. Is it possible that the variances are due to a higher-than-expected sales volume? Explain. % F 6. Do you think management will place equal weight on each of the $13,500 variances? Explain. Requirement 2. Based on the data presented, what type of responsibility center is this subunit? This performance report includes both revenue and cost data, therefore this subunit must be a profit center. Requirement 3. Which items should be investigated if part of management's decision criteria is to investigate all vari select a label) 7. Which balanced scorecard perspective is being addressed through this performance report? In your opinion, is this performance report a lead or lag indicator? Explain. 8. Give one key performance indicator for the other three balanced scorecard perspectives. Indicate which perspective is being addressed by the indicators you list. Are they lead or lag indicators? Explain. - X the inp