One sutent of Raon Sports Conwww had the following financial stast month in Cick the loan to view the financial results Read the Requirement Complete the performance waluation report for this bound to three deca) (Caravartano wacht and whether the variance favorable (U) or favorable (F) Enter the results as positive numbers Enter the varie parents as a percentage to the decimal aces Racer Sports Company Team Sports Subunit Monthly Puma Report For the Month Variance Pot Actual Budget Variance Percentage Sale 56.000 500.000 Veep 0050 375.000 Canon 357,600 1 125.000 LO 50.000 See 1050 75.000 Le Conde 30 600 20.000 Chomanner any number in the mouth and come to the notion i Data Table - X A B D E ON & 1 . 3 is unfavorable ts art 1 Racer Sports Manufacturing Company-Team Sports Subunit 2. Monthly Performance Report For the Month Variance 4 Actual Budgeted Variance* Percentage* 5 Sales $ 546,000 $500,000 6 Less: Variable expenses 388,500 375,000 7 Contribution margin $ 157,500 $ 125,000 8 Less: Direct fixed expenses 52,050 50,000 9. Segment margin $ 105,450 $ 75.000 10 Less: Common fixed expenses 38,500 25,000 11 Operating income $ 66,950 $ 50.000 "Be sure to indicate whether each variance is favorable (F) or unfavorable (U). dog 50 371 12 51 7 at field Print Done O Requiremgats jor cer is m h 1. Complete the performance evaluation report for this subunit (round to three 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 the management's decision criteria is to investigate all variances equal to or exceeding $13,500 and exceeding 10% (both criteria must be met)? 4. Should only unfavorable variances be investigated? Explain. 5. Is it possible that the variances are due to a higher-than-expected sales volume? Explain 6. Do you think management will place equal weight on each of the $13.500 variances? Explain. 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 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 Print Done SE Les Common focegenses 38500 25.000 Operating locomo 566.960 3 50001 Requirement. Based on the data proto what you fresponsive) This emanca uport includes for Web Requirement. Which she de vento e con index 10 buah wedintele have the route Requirement 4. Should only unavalged? L 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 shou used in the table, leave the input fi jent's decision criteria is to investigate all variances equal to both revenue and cost data, only cost data only revenue data, Requirement 4. Should only unfavorable variances be investigated? Explain % % Less Common foxed expenses 38,500 25,000 $ 66,950 $ Operating income 50,000 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 used in the table, leave the input field empty, do not select a label.) DE al to ore a cost center an investment center a profit center a revenue center Requirement 4. Should only unfavorable variances be investigated? Explain Choose from any list or enter any number in the input file and then Requirement), whom should be indipended part of management decision eller has to investigate inces culto or exceeding 513.500 and exceeding 10% (both criteria must be moty ( an impatie is not used in the Netheleput domy do not selectate Requirements. Should only be obvestila Minshouding Favo Management needs to evaluate to determine the root of Rement. It the varianta bihotapcedes vem? The bandes de volume diferences between a volume captured by the The flexible budget Read the requirements. Requirement 3. Which items should be investigated if part of management's decision cr used in the table, leave the input field empty; do not select a label.) Common fixed expenses Contribution margin Direct fixed expenses Sales favorable variances be investigated? Explain. Managers should investigate Favorable variar to determine the root cause of the variano Requirement 5. Is it possible that the variances are due to a higher-than-expected sales volu The flexible budget variances y due to sales volume differences between budget and Choose from any list or enter any number in the innuit field and then Requirement 4. Should only unfavorable variances de investigated? Explain Managers should late Requirements. Is poss Favob variances VI Management needs to evaluate e variance Tavorable vratile variance voimapa any favorable variances only favorable variances budget and acto Differences in volume captured by the The flexible budget The exible budget Requirement 4. Should only unlavorable variances be investigated? Explain Managers should investigate Favorable variances Y to determine the foot cause of the variance Management needs to evaluate Requirement 5. Is it possible that the variances e due to a higher than expected sales volume The flexible budget variances due to sales volume diferences between budget and may be due to bookkeeping or budgeting errors result in greater profits to the company Indicate that the budget was prepared correctly Choose from any to enter any number in the routes and then continue to Requirement. Should only unfavorable variances de investigated? Explain Managers should investigate Favorable variances to determine the root cause of the variance M Management needs to evaluate large favorable as well as unfavorable variances only favorable variances only unfavorable variances a higher than expected es volume? Explain me differences between budget and actuat Diferences in sales volume are captured by the The feel elds and then continue to the next question Requirements. Is it possible that he was de higher than expected sales volume? Explain The fable bugetarances to to sales volume differences between budget and actual es in sales volume are captured by the The flexible budget variance is Requirement 6e you in management will goal weight on each of the $13.500 variances Ex Additionally, they may not place much weighton because Meet Which spendibong essed the performance report in your posts performance reportador la indicator? Explain The woman Mercive talaced scorecard performance measures tend to be indica They typically Het eine indicator for the balanced scorecard perpeces indicate which perspectives being added by the indicators you listAre they lead orlag indicators? Explain Read the regiment The performance report addresses the perspective of the balanced scorecard performance measures tend to be Indicators They typically Requirement B. Give one koy pertomanat indicator for the other three balanced scorecard perspectives. Indicato which perspective is being addressed by the indicators you list. Are they had ot lag indicators? Explain Complete the following tutto identily one key performance indicator for the three other balanced Scorecard perspectives Balanced Scorecard perspective Key performance Indicator Are they lead or bag indien Each of these performance mea Indicator which tend to The performance indicator sted above are often better at Choose from any stochter any number in the input Beds and then continue to the next questo