Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I've included the requirements and data table to help solve the question In requirement 2 the multiple choice options are: Cost center, investment center, profit

image text in transcribed

I've included the requirements and data table to help solve the question

In requirement 2 the multiple choice options are: Cost center, investment center, profit center, revenue center

in requirement 3 the multiple choice options are: depreciation, direct labor direct materials, indirect labor, repairs and maintenance, utilities.

In 4, the first box is no or yes, in the second box the options are "should" or "should not".

image text in transcribedimage text in transcribed
One subunit of Xtreme Sports Company had the following financial results last month: (Click the icon to view the financial results.) Read the requirements. Requirement 1. Complete the performance evaluation report for this subunit. Enter the variance percent as a percentage of the budgeted amount rounded to two places. (Enter a variance for each account as a positive number, and select whether the variance is favorable [F] or unfavorable [U]. For any zero variances, enter a 0 in the variance column and then leave the F or U box blank. Enter the variance percent as a percentage rounded to two decimal places, X.XX%.) Actual Flexible Flexible Budget % Variance Xtreme - Subunit X Results Budget Variance (F or U) (F or U) i Requirements - X i Data Table - X Direct Materials $ 28,700 $ 26,700 % Direct Labor 13,400 14, 100 % Actual Indirect Labor 26,600 23,500 % 1. Complete the performance evaluation report for this subunit. Enter the variance percent as a percentage of the budgeted amount rounded to two Flexible Budget % Variance decimal places. Xtreme-Subunit X Results Flexible Budget Variance (F or U) Utilities 12,700 11,600 1% (F or U) 29,000 % 2. Based on the data presented, what type of responsibility center is this subunit? Direct Materials $ 28,700 $ 26,700 Depreciation 29,000 3. Which items should be investigated if part of management's decision criteria is Repairs and Maintenance 4.300 5,200 % to investigate all variances exceeding $2,500 or 10%? Direct Labor 13,400 14, 100 4. Should only unfavorable variances be investigated? Explain. Indirect Labor 26,600 23,500 Total 114,700 $ 110, 100 1% Utilities 12,700 11,600 Requirement 2. Based on the data presented, what type of responsibility center is this subunit? Print Done Depreciation 29,000 29,000 5,200 What type of responsibility center is this unit? Repairs and Maintenance 4.300 Total 114,700 $ 110, 100 Requirement 3. Which items should be investigated if part of management's decision criteria is to investigate all variances exceeding $2,500 or 10%? (If a box is not used in the table, leave the box empty.) Print Done Requirement 4. Should only unfavorable variances be investigated? Favorable variances be investigated toCourse Hero 26,700 Direct Labor 13,400 14,100 In requirement 2 the mul Indirect Labor 26,600 23,500 1. Complete the performance evaluation report for this subunit. Enter the . profit center, revenue center 11,600 dorance percent as a percentage of the budgeted amount rounded to two Actual Flexible Budget % Variance mient 2 the multiple choice options are: Results Flexible Budget Variance (F or U) (F or U) aterials, indirect labor, repairs and maintenance, utilities. Utilities 12,700 Xtreme-Subunit X in requirement 3 the multiple choice option In 4, the first box is no or yes, in the second box the Depreciation 19,000 29,000 2. Based on the data presented, what type of responsibility center is this subunit? Direct Materials 28,700 s 26,700 Repairs and Maintenance 4,300 5,200 ould be investigated if part of management's decision criteria is to investigate all variances exceeding $2,500 or 10%? Direct Labor 13,400 14,100 $ 114,700 5 110,100 4. Should only unfavorable variances be investigated? Explain. Indirect Labor 26,600 23,500 Total Utilities 12,700 11,600 Requirement 2. Based on the data presented, what type of responsibility center is this subunit Print Done Depreciation 29,000 29,000 Wmoskal Iwl @ Regimeners - X - X What type of responsibility center is this unit? Repairs and Maintenance 4,300 5,200 $ 114,700 110,100 Screenshot (119).png Requirement 3. Which items should be investigated if part of management's decision criteria is to investigate all variances exceeding $2,500 or 10%? (If a box is not used in the table, leave the box empty.) Total Print Done Accounting Get Answer allocate the favorable variance to the other accounts. This helps us match you with the right tutor Answers in as fast as 15 minutes find a way to make them closer to the budget. Users are prohibited from uploading or submitting copyright infringing materials (including without limitation copie her of testing materials, textbooks, instructor's make sure the variance does not happen again. solution manuals, test banks, lecture notes, slide presentations or related agree that (1) you own the copyrights covering the files to be uploaded or have Requirement 4. Should only unfavorable variances express permission from the copyright owner(s) to upload those files; (2) your uploading of these files will not violate any law, regulation, or ethics code, and (3) uploading these files will not violate our Terms of make sure they will not have a negative impact on future operations. Favorable variances restigated to Choose from any list or enter any number in the input fields and then continue to the next question. D Screenshot (119).png Show all x Type here to search

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Auditing Cases An Active Learning Approach

Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt

2nd Edition

0130674842, 978-0130674845

Students also viewed these Accounting questions

Question

Do I own something similar already?

Answered: 1 week ago