Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

i'm a little confused on downhill RI and along with The different types of responsibilities for subunits. Score: 0 of 10 pts 14 of 16

image text in transcribed
image text in transcribed
image text in transcribed
i'm a little confused on downhill RI and along with The different types of responsibilities for subunits.
Score: 0 of 10 pts 14 of 16 (14 complete HW Score: 64.29%, 45 of 70 pts OLEM9-16 (book/s.atic) Question Help The accountant for a subunit of Spoed Sports Company went on vacation before completing the subunit's monthly responsibility report. This is as far as she got: (Click the icon to view the responsibility report) Read the requirements cioni Requiremont 1. Complete the responsibility report for this subunit Speed-Subunit X Actual Flexible Budget Flexible Sales Volume Static Revenue by Product Results Variance Budget Variance Budget Downhill RI $ 321,000 $ 17.000 F $ 295.000 t Libra Source udy Choose from any list or enter any number in the input fields and then click Check Answer. Clear All Check Answer parts remaining ation 1 Resources WPXGCE ck the icon to U JUDUL SMU y responsibility report. This is as far as she i Data Table e requireme ment 1. Cod Subunit X Speed-Subunit X Revenue by Product Flexible Budget (b) Sales Volume Static Variance Budget $ 17.000 F $ 295,000 e by Produ Downhill-RI -RI Downhill-RII $ 161,000 (d) 145,000 Actual Flexible Budget Results Variance $ 321,000 151,000 285,000 $ 3,000 U 259,000 (0 425,000 2,000 F $ 1,441,000 0 Cross-EXI 303,000 288,000 255,000 Cross-EXIL Snow-LXI 16,500 U (h) () 271,500 404,000 $ 1,418,500 0 Total Print Done d Sports Company went on vacation before completing the subunit's monthly responsibility re sibility report.) Requirements - X 1. Complete the responsibility report for this subunit. 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 $12,000? Print Done number in the input fields and then click 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

A History Of Accountancy In The United States

Authors: Gary John Previts, Barbara Dubis Merino

98th Edition

0814207286, 978-0814207284

More Books

Students also viewed these Accounting questions