Course Home X P Do Homework - Chapter M9 Ex > Ask a Question C A mylab.pearson.com/Student/PlayerHomework.aspx?homeworkld=642070125&questionld=1&flushed=false&cld=7269176¢erwin=yes * 0 m Update : 23/WI Introduction to Managerial Accounting Ali Hamade 04/13/23 4:44 AM Homework: Chapter M9 Extra Credit Problem Question 1, PM9-24B (similar to) HW Score: 0%, 0 of 5 points o Part 1 of 9 Points: 0 of 5 Save Question list K One subunit of Freeway Sports Company had the following financial results last month: (Click the icon to view the financial results.) Read the requirements. O Question 1 Requirement 1. Complete the performance evaluation report for the subunit. (Enter a variance for each account as a positive number and select whether the variance is favorable or unfavorable. Enter the variance percent as a percentage rounded to two decimal places, X.XX%.) Actual Flexible Flexible Budget Subunit X Results Budget Variance (F or U) Net Sales Revenue $ 477,000 $ 455,000 260,000 253,000 - X Variable Expenses Data table Contribution Margin $ 217,000 $ 202,000 Traceable Fixed Expenses 39,000 29,000 Flexible Budget % Variance (F Divisional Segment Margin 178,000 $ 173,000 Subunit X Actual Results Flexible Budget Variance (F or U) or U) Net Sales Revenue $ 477,000 $ 455,00 Variable Expenses 260,000 253,000 X Contribution Margin 217,000 202,000 Requirements Traceable Fixed Expenses 39,000 29,000 Divisional Segment Margin 178,000 $ 173,000 1. Complete the performance evaluation report for the subunit (round to two decimal places). 2. Based on the data presented and your knowledge of the company, what type of responsibility center is this subunit? Print Done 3. Which items should be investigated if part of management's decision criteria is to investigate all variances equal to or exceeding $8,000 and exceeding 10% (both criteria must be met)? 4. Should only unfavorable variances be investigated? Explain. 5. Is it possible that the variances are due to a higher-than-expected sales volume? Explain. 6. Will management place equal weight on each of the variances exceeding $8,000? Explain. 7. Which balanced scorecard perspective is being addressed through this performance report? In your opinion, is this performance report a lead or a lag indicator? Explain. 8. List one key performance indicator for the three other balanced scorecard perspectives. Make sure to indicate which perspective is being addressed by the indicators you list. Print Done Help me solve this Etext pages Get more help Clear all Check