One subunit of Field 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%.) i Data Table Actual Flexible Flexible Budget % Variance Subunit x Results Budget Variance (F or U) (F or U) Net Sales Revenue $ 475,000 $ 451,000 262,000 Variable Expenses 256,000 % Contribution Margin $ 213.000 $ 195,000 35,000 28,000 Traceable Fixed Expenses $ 178,000 $ 167,000 Divisional Segment Margin % Requirement 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 % Variance Flexible Budget Variance (F or U) Subunit x (F or U) Actual Results Flexible Budget 475,000 S 451.000 262,000 256.000 $ Net Sales Revenue Variable Expenses Contribution Margin Traceable Fixed Expenses Requirement 3. Which items should be investigated il part of management's decision criteria is to investigate all variances equal to or Management should investigate the following: (If a box is not used in the table, leave the box empty.) 213,000 35,000 195.000 28.000 $ 178,000 S 167.000 Divisional Segment Margin Print Done Requirement 3. Which items should be investigated if part of management's decision criteria is to investigate all variances equal to or exceeding $6,000 and exceeding 10% (both criteria must be met)? Management should investigate the following: (lf a box is not used in the table, leave the box empty.) 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 $6,000? 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. TL ..IL 1. - J.-t.ua TL ...1..-I.-II.. One subunit of Field Sports Company had the following financial resulls last month: Click the icon to view the financial results.) Read the requirements. wuruyur Truyu TY WAPI rununu T Requirement 5. Is it possible that the variances are due to a higher-than-expected sales volume? Explain. due to sales volume differences between budget and actual. Differences in sales volume are captured by the V. The flexible budget variance is due The flexible budget variances to Requirement 6. Will management place equal weight on each of the variances exceeding $5,000? Explain. Muragement 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 perspective Key performance Indicator
