One subunit of Express 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 the subunit. (Enter a variance for each account as a positive number and select whether the variance is favorable or unfavorable. Enter the variance percent as a percentage rounded to two decimal places, X.XX%.) Actual Flexible Flexible Budget % Variance Subunit X Variance (F or U) (F or U) Data table Net Sales Revenue Results Budget $ 480,000 $ 452,000 265,000 255,000 % % Variable Expenses Contribution Margin Subunit X Flexible Budget % Variance (F Variance (F or U) or U) % $ 215,000 $ 40,000 197,000 25,000 Traceable Fixed Expenses Actual Results Flexible Budget $ 480,000 $ 452,000 265,000 255,000 Net Sales Revenue % $ 172,000 175,000 $ Variable Expenses Divisional Segment Margin % Contribution Margin Requirement 2. Based on the data presented and your knowledge of the company, what type of responsibility center is thi 215,000 40,000 197,000 25,000 Traceable Fixed Expenses This performance report includes V; therefore, this subunit must be $ 175,000 $ 172,000 Divisional Segment Margin Requirement 3. Which items should be investigated if part of management's decision criteria is to investigate all variances Management should investigate the following: (If an input field is not used in the table, leave the input field empty) Print Done One subunit of Express 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 the subunit. (Enter a variance for each account as a positive number and select whether the variance is favorable or unfavorable. Enter the variance percent as a percentage rounded to two decimal places, X.XX%.) Actual Flexible % Variance Flexible Budget Variance (F or U) Subunit X Results Budget (F or U) % Net Sales Revenue $ 480,000 $ 265,000 452,000 255,000 Variable Expenses % Contribution Margin % $ 215,000 $ 40,000 197,000 25,000 Traceable Fixed Expenses % $ 175,000 $ 172,000 Divisional Segment Margin % Requirement 2. Based on the data presented and your knowledge of the company, what type of responsibility center is this subunit? This performance report includes therefore, this subunit must be Requirement 3. Which items should be investigated if part of management's decision criteria is to investigate all variances equal to or exceeding $5,000 and exceeding 10% (both criteria must be met)? Management should investigate the following: (If an input field is not used in the table, leave the input field empty.) One subunit of Express Sports Company had the following financial results last month: Click the icon to view the financial results.) Read the requirements Requirement 4. Should only unfavorable variances be investigated? Explain. Managers should investigate Favorable expense variances 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 flexible budget variance is due to Requirement 6. Will management place equal weight on each of the variances exceeding $5,000? Explain. Management will because Requirement 7. Which balanced Scorecard perspective is being addressed through this performance report? In your opinion, is this performance report a lead or a lag indicator? Explain. The performance report addresses the perspective of the balanced Scorecard. performance measures tend to be indicators. They typically Requirement 8. List one key performance indicator for the three other balanced Scorecard perspectives. Make sure to indicate which perspective is being addressed by the indicators you list. Complete the following table to identify one key performance indicator for the three other balanced Scorecard perspectives. Balanced scorecard Key performance perspective indicator