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, XXX%) Flexible Budget Variance (F or U) % Variance (For U) Actual Flexible Results Budget $ 477,000 $ 453,000 263,000 255,000 % Subunit X Net Sales Revenue Variable Expenses Contribution Margin Traceable Fixed Expenses $ 214,000 $ 40,000 198,000 31,000 174,000 $ 167.000 Divisional Segment Margin was una freonnerontar le thic Sithainit2 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 $ 174,000 $ 167,000 Divisional Segment Margin Requirement 2. Based on the data presented and your knowledge of the com This performance report includes therefore, this nent's Requirement 3. Which items shou exceeding 10% (both criteria must both revenue and cost data Management should investigate th e table. only cost data only revenue data gment Margin 2. Based on the data presented and your knowledge of the company, what type of responsibility center is this subunit? ance report includes therefore, this subunit must be al to ore a cost center at 3. Which items should be investigated if part of management's decision criteria is 0% (both criteria must be met)? at should investigate the following: (If a box is not used in the table, leave the box em an investment center a profit center a revenue center ment 4. Should only unfavorable variances be investigated? Explain. 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 a box is not used in the table, leave the box empty) Requirement 3. Which items should be investig exceeding 10% (both criteria must be met)? Management should investigate the following: (If 7 Contribution margin Net sales revenue Traceable fixed expenses | Variable expenses favorable variances Managers should investigate Dr. Requirement 4. Should only unfavorable variances be investigated? Explain. Favorable expense variances Managers should investigate Cuan uirement 4. Should only unfavorable variances be investigated? Explain. magers should investigate Favor ho favorable as well as unfavorable variances equirement 5. Is it possible only favorable variances he flexible budget variances only unfavorable variances a Requirement 4. Should only unfavorable variances be investigated? Explain. Managers should investigate Favorable expense variances cted sales volume? Explain. indicate that the budget was prepared correctly may indicate costs are being cut that might impact future operations Mysen budget and actual. Differences in sales volume are captu variance is due to result in greater profits to the company enament nlace equal weight on each of the variances exceeding $5,000? Explain 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 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 are Requirement 6. Will managen weight on each of the variances exceeding $5,000? Explain. are not harge 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 the variances exceeding $5,000? Explain because flexible budget revenue center performance report sales volume variance, not the flexible budget variance dand then the narrmanna menort in your opinion. Is this performance report a 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 actual prices and costs varying from standards sales volume variances Management will bec Requirement 6. Will management place equal weight on each of the variances exceeding $5,000? Explain. because Management will Requirement 6. Will management place equal weight on each of the variances exceeding $5,000? Explain Management will because (35.000 e report? Requirement 7. V lead or a lag indic not place as much weight on each of the variances which exceed $5,000 place equal weight on all variances place more weight on the variable expenses variance The performance Requirement 6. Will management place equal weight on each of the variances exceeding $5,000? Explain. because Management will rough this performance report? In y le balanced Scorecard. all variances have a signficant impact on the company's bottom line. they will consider the percentage change also variable expenses are more important than any of the other items. 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 indicators. They typically be 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 customer Requirement 8. List one key performar balanced Scorecard perspectives Make sure to indicate which perspective is being addressed by the indicators you list. financial Complete the following table to identify Internal business for the three other balanced scorecard perspectives Ratanad secard learning and growth 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. V performance measures tend to be indicators. They typically Customer Requirement 8. List one key performance indicator for the three other balanced Scorecard perspectiv h perspective is being addressed by the indicators you list. Financial Complete the following table to identify one key performance indicator for the three other balanced sce Internal business Learning and growth Balanced scorecard Key performance 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 indicators. They typically be Rec add lag List one key performance indicator for the three other balanced Scorecard perspectives. Make sure to indicate which perspective is being indicators you list swing table to ldentity one key performance Indicator for the three other balanced Scorecard perspectives Cor lead 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 perfor wrecard perspectives. Make sure to indicate which perspective is being addressed by the indicators you list. forcast future performance measure the results of past decisions other balanced Scorecard perspectives at the state or 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 Choose from any list or enter any number in the input fields and then continue to the next question Requirement 8. List one key performance indicator for the three other balanced Scorecard perspectives. Make sure to indicate wh 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 Customer perspective Financial perspective Internal business perspective Learning and growth perspective r in the input fields and then continue to the next question. Requirement 8. List one key performance indicator for the three other balanced Scorecard perspectives. Make sure to indicate 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 customer satisfaction ratings hours spent training employees Choose from any list or enter any ni number of new products developed return on investment sales revenue growth jue to the next