One subunit of Express Sports Company had the following financial results last month a Requirement 1. Complete the performance evaluation report for the subunit. Ender a variance for each account as a positive number and select whether the variance is favorable or unfavorable Enter the variance perceed an is percentage rounded in two decimal places, X.0%) Actual Results 5 477,000 $ 454.000 205.000 256.000 $ 212.000 $ 37,000 $175.000 $ perspective Subunit X Net Das Revenue Variable Expenses Contribution Margin Traceable Fixed Expenses Divisional Segment Margin Requirement 2. Based on the data presented and your knowledge of the company, what type of responsibility center is this abunt? This performance report includes therators, this subunit must be orteris Requirement 3. Which hems should be investigated if part of management's decision criteria is to investigate all vunces equal to or exceeding $4,000 and exceeding 10% (both ontaria must be met Management should investigate the following fan input field is not used in the table, leave the input field empty) Flexible Subunit X Net Sales Revenue Variable Expenses Contribution Margin Traceable Fixed Expenses Divisional Segment Margin Requirement 4. Should only unfavorable variances be investigated? Explain Managers should investigate Favoratie expense variances Requirement 5. Is it possible that the variances are due to a higher than expected sales volume? Explain. The flexibia budget variances variance is due to 190,000 29.000 170.000 $ Flexible Budget Variance (F or U) Requirement & Will management place equal weight on each of the variances exceeding $4,000? Explain. Management will because V 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 lend to be indicators. They typically Requirement & 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 ons kay performance indicator for the three other balanced scorecard perspectives Balanced scorecard Key performance Indicator $ due to sales volume differences between budget and actual. Differences in sales volume are captured by the Y Actual Results Flexible Budget 477,000 $ 454,000 265,000 256,000 212.000 37,000 175,000 $ Variance (For S) Print CTC 198.000 28,000 170,000 Done Flexible Budget % Variance (F Variance (F or U) or U) The flexible budget 1. Complete the performance evaluation report for the subunit (round to two decimal places) 2. Based on the data presented and your knowledge of the company, 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 equal to or exceeding $4,000 and exceeding 10% (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. Will management place equal weight on each of the variances exceeding $4,0007 Explain. 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 8. List one kay performance indicator for the three other balanced scorecard perspectives. Make sure to indicata which perspective is being addressed by the indicators you list

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