Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

*Dashboard X Assignments P Do Homework - Chapter M-9 - X C A mylab.pearson.com/Student/PlayerHomework.aspx?homeworkld=642070122&questionld=16&flushed=false&cld=7269176¢erwin=yes * 0 m Update : 23/WI Introduction to Managerial Accounting Ali

image text in transcribed
*Dashboard X Assignments P Do Homework - Chapter M-9 - X C A mylab.pearson.com/Student/PlayerHomework.aspx?homeworkld=642070122&questionld=16&flushed=false&cld=7269176¢erwin=yes * 0 m Update : 23/WI Introduction to Managerial Accounting Ali Hamade 04/12/23 1:12 AM Homework: Chapter M-9 Homework Question 13, EM9-16 (similar to) HW Score: 66.89%, 16.72 of 25 points Part 8 of 9 Points: 1.46 of 2 Save The accountant for a subunit of Pike Sports Company went on vacation before completing the subunit's monthly responsibility report. This is as far as she got: Question list K (Click the icon to view the responsibility report.) Read the requirements Question 4 Question 5 Requirement 1. Complete the responsibility report for this subunit. X Pike-Subunit X Actual Flexible Budget Flexible Sales Volume Static Requirements Question 6 Revenue by Product Results Variance Budget Variance Budget Downhill-RI $ 320,000 $ 8,000 F $ 312,000 $ 16,000 F $ 296,000 1. Complete the responsibility report for this subunit. Downhill-RII 152,000 12,000 U 164,000 18,000 F 146,000 2. Based on the data presented, what type of responsibility center is this subunit? Question 7 Cross-EXI 289,000 1,000 U 290,000 16,000 U 306,000 3. Which items should be investigated if part of management's decision criteria Cross-EXII 8,000 F is to investigate all variances exceeding $14,000? 259,000 251,000 19,500 U 270,500 Question 8 Snow-LXI 429,000 1,000 F 428,000 19,000 F 409,000 Total 1,449,000 $ 4,000 F 1,445,000 17,500 F $ 1,427,500 Print Done Question 9 Requirement 2. Based on the data presented what type of responsibility center is this subunit? Revenue center Question 10 Requirement 3. Which items should be investigated if part of management's decision criteria is to investigate all variances exceeding $14,000? (If an input field is not used, leave the input field(s) empty. Do not select a label.) Using the flexible budget variance as a guide, the following items will be investigated: Question 11 X Data table Question 12 Pike-Subunit X Actual Flexible Budget Flexible Sales Volume Static Revenue by Product Result Variance Budget Variance Budget Downhill-RI $ 320,000 (a) (b) $ 16,000 F $ 296,000 Question 13 Downhill-RII 152,000 (c) $ 164,000 (d 146,000 Cross-EXI Cross-EXI 289,000 $ 1,000 U 290,000 (e) 306,000 Question 14 Cross-EXII 259,000 "f) 251,000 19,500 U 270,500 Cross-EXII Snow-LXI 429,000 1,000 F (g (h 409,000 $ 1,449,000 (i) (j) (K ) $ 1,427,500 Question 15 Downhill-RI Total Downhill-RII Question 16 Snow-LXI Print Done None of the items should be investigated Help me solve this Etext pages Clear all Check

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Horngrens Financial And Managerial Accounting

Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura

6th Edition

0134486838, 978-0134486833

More Books

Students also viewed these Accounting questions

Question

For the following exercises, evaluate the expressions. tan 1 (1)

Answered: 1 week ago

Question

An improvement in the exchange of information in negotiations.

Answered: 1 week ago