Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hi can i get help with thia please? One subunit of Speed Sports Company had the following financial results last month mi (Click the loon

Hi can i get help with thia please? image text in transcribed
image text in transcribed
image text in transcribed
One subunit of Speed Sports Company had the following financial results last month mi (Click the loon to view the financial results.) i Data Table Read the requirements Requirement 1. Complete the performance evaluation report for this subunt. Enter the variance percent positive number, and select whether the variance is favorable For unfavorable For any zero variand percentage rounded to two decal places, XXXX) Variance Foru Speed Subunit X Variance (For U) Flexible Budget Results Flexible Budget Variance For $ 28.800 5 20.800 13,700 26200 22.700 12.500 11,700 Direct Materials Direct Labor Indirect Labor 1200 20.000 Actual Flexible Flexible Budget Speed - Subunit X Results Budget Variance (For U) Direct Materials $ 28,800 $ 20,000 Direct Labor 13,700 14.2001 Indirect Labor 26.200 22,700 Us 12,500 11,700 Depreciation 28.000 20.000 5.500 Repairs and Maintenance $ 113,500 $ 108,900 Depreciation Repairs and Maintenance $ 113.500 5 108.00 Requirement 2. Based on the data presented what type of responsibility center is the subunit? Whate of responsibility center is this unit? trany number in the input fields and then continue to the next question $ 113,500 $ 108,900 Total Requirement 2. Based on the data presented, what type of responsibility center is this subunit? What type of responsibility Center is this unit? a box is not used in the above the boom Requirement 3. Which oms should be investigated if part of management's decision criteria is to investigate all variances exceeding $2.500 or 10% Requirement 4. Should only unfavorable variances be invesgated? w e investigated to tom any or enter any number in the input folds and then continue to the next question i Requirements fre rt of 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

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_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

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

Get Started

Students also viewed these Accounting questions