Question
One subunit of Extreme Sports Company had the following financial results last month: . Requirement 1. Complete the performance evaluation report for this subunit. Enter
One subunit of Extreme Sports Company had the following financial results last month:
.
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 | |
Extreme - Subunit X | Results | Budget | Variance (F or U) | |
Direct Materials | $28,500 | $26,500 |
|
|
Direct Labor | 13,100 | 13,600 |
|
|
Indirect Labor | 26,300 | 23,000 |
|
|
Utilities | 12,800 | 11,800 |
|
|
Depreciation | 29,000 | 29,000 |
|
|
Repairs and Maintenance | 4,700 | 5,600 |
|
|
Total | $114,400 | $109,500 |
|
|
Data Table
| Actual |
| Flexible Budget | % Variance | ||
ExtremeSubunit X | Results | Flexible Budget | Variance (F or U) | (F or U) | ||
Direct Materials | $28,500 | $26,500 | ||||
Direct Labor | 13,100 | 13,600 | ||||
Indirect Labor | 26,300 | 23,000 | ||||
Utilities | 12,800 | 11,800 | ||||
Depreciation | 29,000 | 29,000 | ||||
Repairs and Maintenance | 4,700 | 5,600 | ||||
Total | $114,400 | $109,500 |
|
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