One subunit of Winter Sports Company had the following financial results last month: E (Click the icon to view the financial results.) Read the requirements. Requirement 1. Complete the performance evaluation report for this subunit (round to three decimal places). (Enter a variance for each account and select whether the variance is unfavorable (U) or favorable (F). Enter the results as positive numbers. Enter the variance percents as a percentage to three decimal places, "XX.XXX%".) Winter Sports Company-Team Sports Subunit Monthly Performance Report For the Month Variance Product Actual Budgeted Variance Percentage Sales $ % $ 490,500 261,500 450,000 250,000 % Less: Variable expenses Contribution margin $ % $ 229,000 83,440 200,000 80,000 110101 Less: Direct fixed expenses % Segment margin $ 145,560 $ 120,000 % 57 500 46 On 07 Choose from any list or enter any number in the input fields and then continue to the next question. One subunit of Winter Sports Company had the following financial results last month: B (Click the icon to view the financial results.) Read the requirements. Monthly Performance Report For the Month Variance Product Actual Budgeted Variance Percentage Sales $ % $ 490,500 261,500 450,000 250,000 Less: Variable expenses % Contribution margin $ % $ 229,000 83,440 200,000 80,000 Less: Direct fixed expenses % Segment margin $ $ % 145,560 57,500 120,000 46,000 Less: Common fixed expenses % $ 88,060 $ 74,000 % Operating income Requirement 2. Based on the data presented, what type of responsibility center is this subunit? Choose from any list or enter any number in the input fields and then continue to the next question. One subunit of Winter Sports Company had the following financial results last month: B (Click the icon to view the financial results.) Read the requirements. Requirement 2. Based on the data presented, 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 $11,500 and exceeding 12% (both criteria must be met)? (If an input field is not used in the table, leave the input field empty; do not select a label.) Requirement 4. Should only unfavorable variances be investigated? Explain. Managers should investigate Favorable variances Management needs to evaluate V to determine the root cause of the variance. Choose from any list or enter any number in the input fields and then continue to the next question. One subunit of Winter Sports Company had the following financial results last month: (Click the icon to view the financial results.) Read the requirements. Requirement 3. Which items should be investigated if part of management's decision criteria is to investigate all variances equal to or exceeding $11,500 and exceeding 12% (both criteria must be met)? (If an input field is not used in the table, leave the input field empty; do not select a label.) Requirement 4. Should only unfavorable variances be investigated? Explain. Managers should investigate Favorable variances Management needs to evaluate to determine the root cause of the variance. Requirement 5. Is it possible that the variances are due to a higher-than-expected sales volume? Explain. The flexible budget variances V due to sales volume differences between budget and actual. Differences in sales volume are captured by the The flexible budget Choose from any list or enter any number in the input fields and then continue to the next question. One subunit of Winter Sports Company had the following financial results last month: (Click the icon to view the financial results.) Read the requirements. 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. Do you think management will place equal weight on each of the $11,500 variances? Explain. Management will Additionally, they may not place much weight on because Requirement 7. Which balanced Scorecard perspective is being addressed through this performance report? In your opinion, is this performance report a lead or lag indicator? Explain. The performance report addresses the perspective of the balanced Scorecard. V performance measures tend to be indicators. They typically Requirement 8. Give one key performance indicator for the other three balanced Scorecard perspectives. Indicate which perspective is being addressed by the indicators you list. Are they lead or lag indicators? Choose from any list or enter any number in the input fields and then continue to the next question. One subunit of Winter Sports Company had the following financial results last month: B (Click the icon to view the financial results.) Read the requirements. Requirement 8. Give one key performance indicator for the other three balanced Scorecard perspectives. Indicate which perspective is being addressed by the indicators you list. Are they lead or lag indicators? Explain. Complete the following table to identify one key performance indicator for the three other balanced scorecard perspectives. Balanced Scorecard perspective Key performance indicator Are they lead or lag indicators? Explain. Each of these performance measures is a indicator which tend to The performance indicators listed above are often better at Choose from any list or enter any number in the input fields and then continue to the next question. - X Data Table One subunit of Winter Sports Company had the fol E (Click the icon to view the financial results.) Read the requirements. 1 Winter Sports Manufacturing CompanyTeam Sports Subunit Monthly Performance Report 2 3 For the Month Requirement 8. Give one key performance indica Explain. tors you list. Are they lead or lag indicators? Variance Percentage* Variance* Complete the following table to identify one key pe 5 Sales Actual Budgeted $ 490,500 $ 450,000 261,500 250,000 Balanced Scorecard perspective Kel $ 229,000 $ 200,000 6 Less: Variable expenses 7 Contribution margin 8 Less: Direct fixed expenses 9 Segment margin 10 Less: Common fixed expenses 83,440 80,000 $ 145,560 $ 120,000 46,000 Are they lead or lag indicators? Explain. 57,500 Each of these performance measures is a 11 Operating income $ 88,060 $ 74,000 *Be sure to indicate whether each variance is favorable (F) or unfavorable (U). etter at Print Done Choose from any list or enter any number in the