Data Table ralu and riance is Winter Sports Manufacturing Company-Team Sports Subunit Monthly Performance Report For the Month mail Mol Variance Percentage ,500 ,500 1,000 4,440 Actual Budgeted Variance Sales $ 490,500 $ 450,000 261,500 250,000 Less: Variable expenses Contribution margin $ 229,000 $ 200,000 Less: Direct fixed expenses 80,000 83,440 Segment margin $ 145,560 $ 120,000 Less: Common fixed expenses 46,000 57,500 $ 88,060 $ 74,000 Operating income "Be sure to indicate whether each variance is favorable (F) or unfavorable (U). -,569 ,500 3,060 , w Print Done in the OLMUI. i Requirements 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 $11,500 and exceeding 12% (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. Do you think management will place equal weight on each of the $11,500 variances? Explain. 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. Print Done what type of responsibility center is this subunit? the input fields and then continue to the next question. One subunit of Winter Sports Company had the following financial results last month (Click the loon to view the financial results.) Read the requirements Requirement 1. Complete the performance evaluation report for this subunit (round to three decimal places (Enter a variance for each account and select whether the variance is unfavorable (U) or favorable the results as positive numbers. Enter the variance percents as a percentage to three decimal places, "XX XXX%") Variance ndege Winter Sports Company-Team Sports Subunit Monthly Performance Report For the Month Product Actual Budgeted Variance Sales $ 490,500 $ 450.000 4 0500 Less: Variable expenses 261,500 250.000 11500 Contribution margin $ 229,000 $ 200,000 29000 Less: Direct foxed expenses 83.440 80.000 Segment margin $ 145.560 $ 120.000 25560 Less: Common fixed expenses 57.500 46,000 11500 $ 88060 $ 74,000 Operating income 3440 Requirement 2. Based on the data presented, what type of responsibility center is this subunit? This performance report includes therefore this subunit must be Requirement 3. Which items should be investigated is part of management's decision crea is to investigate all variances equal to or exceeding $11,500 and exceeding 12% both criteria must be me used in the tableave the box empty, do not select a label) abonat Requirement 4. Should only unfavorable variances be investigated? Explain. Managers should investigate favorable as well as unfavorable variances. Favorable variances may be due to bookkeeping or budgeting errors. Management needs to evaluate large favorable as well as unfavorable variances to determine the root Use of the variance Requirement 5. Is it possible that the variances are due to a higher than expected sales volume? Explain. The flexible budget variances due to sales volume differences between budget and actual. Differences in sales volume are captured by the The fexbibudget Choose from any list or enter any number in the input fields and then continue to the next question The budget Requirements. Is it possible that the variances are due to a higher than expected sales volume? Explain The flexible budget variances due to le volume differences between budget and actual. Differences in sales volume are captured by the variance is due to Requirement 6. Do you think management wil place equal weight on each of the $11,500 variances? Explain Management wil Additionally, they may not place much weighton Requirement 7. Which balanced Scorecard perspective is being addressed through this performance report in your opinion, is this performance report a load or lag indicator? Explain The performance report addresses the perspective of the balanced scorecard. performance measures tend to be indicators. They typicaly Are they leading indicatos? Expl Requirement 8. Oive one key performance Indicator for the other three balanced Scorecard perspectives. Indicate which perspective is being addressed by the indicators you Complete the following table to identify one key performance Indicator for the three other balanced Scorecard perspectives Balanced Scorecard perspective Key performance Indicator Choose from any list of arter any number in the input fields and then continue to the next question Requirement 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 The performance report addresses the perspective of the balanced Scorecard performance measures tend to be indicators. They typically Requirement 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 orlag indicators? Explain Complete the following table to identity one key performance Indicator for the three other balanced Scorecard perspective Balanced Scorecard perspective Key performance Indicator Are they lead or lag indicators? Explain. Each of these performance measures is a indicator which tend to The performance Indicators listed above are often better at Choose from any list or enter any number in the input fields and then continue to the next question. C om AB, POWIE