Answered step by step
Verified Expert Solution
Question
1 Approved Answer
One subunit of extreme sports company had the following financial results last month: (Below) Read the requirements. (Below) Requirement 1: (Below) Data Table X ExtremeSubunit
One subunit of extreme sports company had the following financial results last month: (Below)
Data Table X ExtremeSubunit X % Variance (F or U) Direct Materials Direct Labor Indirect Labor Actual Flexible Budget Results Flexible Budget Variance (F or U) $ 28,300 $ 26,300 13,700 14,300 26,600 23,500 12,900 12.100 29,000 29,000 4,400 5,400 Utilities Depreciation Repairs and Maintenance $ 114,900 $ 110,600 Total Print Done . Requirements - 1. Complete the performance evaluation report for this subunit. Enter the variance percent as a percentage of the budgeted amount rounded to two decimal places. 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 $2,500 or 10%? 4. Should only unfavorable variances be investigated? Explain. Print Done X.XX%.) Actual Flexible Flexible Budget Extreme - Subunit X Results Variance (F or U) Budget 26,300 Direct Materials $ 28,300 $ Direct Labor 13,700 14,300 Indirect Labor 26,600 23,500 Utilities 12,900 12,100 Depreciation 29,000 4,400 29,000 5,400 Repairs and Maintenance $ Total 114,900 $ 110,600 Read the requirements. (Below)
Requirement 1: (Below)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started