One subunit of SpeedSpeed Sports Manufacturing Company had the following financial results last month:

Requirements

1.	Complete the performance evaluation report for this subunit.
2.	Based on the data presented, what type of responsibility center is the subunit?
3.	Which items should be investigated if part of management's decision criteria is to investigate all variances exceeding $ 2,600 or 10.5 %?
4.	Should only unfavorable variances be investigated? Explain.

E10-18A (similar to) Question Help One subunit of Speed Sports Manufacturing Company had the following financial results last month click the icon to view the financial results) Requirements 1. Complete the performance evaluation report for this subunit 2. Based on the data presented, what type of responsibility center is the subunit? 3. Which items should be investigated if part of management's decision criteria is to investigate all variances exceeding $2,600 or 10.5%? 4. Should only unfavorable variances be investigated? Explain. Requirement 1. Complete the performance evaluation report for this subunit Enter the variances as positive numbers. Round the variance percentages to the nearest hundredth percent, X 96 Label each variance as favorable (F) or unfavorable (U). If the variance is 0, make sure to enter in a "O". A variance of zero is considered favorable.) Data Table Variance Product Actual Budgeted (U or F) Direct materials Direct labor Indirect labor Utilities S 21,480 $20,000 17,500 28,140 24,000 0.940 10,000 21.800 21,800 5,000 S 103,215 $ 98,300 Speed Sports Manufacturing Company-Water Sports Subunit Monthly Performance Report For the Month 16,660 Variance 41955000 Product Actual Budgeted Variance Percentage Repairs and maintenance Direct materials Direct labor Indirect labor Utilities $ 21.480 $ 20,000 17,500 24,000 10,000 21,800 5,000 $ 103,215 $ 98,300 Total 16,660 28,140 10,940 21,800 4,195 Repairs and maintenance Total Be sure to indicate whether each variance is favorable (F) or unfavorable (U) Print Done Windows Choose from any list or enter any number in the input fields and then click Check