Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Orain of Speed Sports Manufacturing Company had to following and the Click twin to view the cores) Requirements 1. Complete the performance will report for

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Orain of Speed Sports Manufacturing Company had to following and the Click twin to view the cores) Requirements 1. Complete the performance will report for the wint. 2 on the data presented, what type of post the sun 1. Which should be report the managements contraste av ting 12700 rould only intererate viandes begin to Requirement Complete the part wrote the income and their holatlar referisco de Van Varian Per Product Actual Budstedt IU JU 18.00 15.000 De 15.20 10.000 A 2.300 2.00 1 Bed Sort Merry Company 16.95 75.000 2 My Performant M000 4. the Math 1.100 Au ber TE De 4000 M 10 7000 PRI "Whether Committed and then contain One or body Matering Company has een toc de la month Rourement 1. Coopa 2 tand on the way! 1 weet ons 7001 & Shoes WHY 1 55 16.000 29200 15 15.000 24000 24 7.00 re One subunit of Speed Sports Manufacturing Company had the following financial results last month: B 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 the management's decision criteria is to investigate all variances exceeding $2,700 or 11.5%? 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 , XXX%. Label each variance as favorable (F) or unfavorable (U). If the variance is 0, make sure to enter in a "0". A variance of zero is considered favorable.) Variance (U or F) Variance Percentage (U or F) Product % Direct materials Direct labor Indirect labor % % Actual Budgeted 16,095 $ 15,000 15,240 16,000 29,200 25,000 16,395 15,000 24,000 24,000 6,285 7,500 $ 107,215 $ 102,500 Utilities % % Depreciation Repairs and maintenance % Total % Requirement 2. Based on the data presented, what type of responsibility center is the subunit? This subunit is an) Requirement 3. Which items should be investigated if part of management's decision criteria is to investigate all variances exceeding $2,700 or 11.5%? (If an input field is not used in the table, leave the input field empty; do not select a label.) Choose from any list or enter any number in the input fields and then continue to the next question % 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 the management's decision criteria is to investigate all variances exceeding $2,700 or 11.5%? 4. Should only unfavorable variances be investigated? Explain. Indirect labor 29,200 25,000 Utilities 16,395 15,000 % Depreciation 24,000 24,000 Repairs and maintenance 6,285 7.500 % Total 107,215 $ 102,500 Requirement 2. Based on the data presented, what type of responsibility center is the subunit? This subunit is a(n) Requirement 3. Which items should be investigated if part of management's decision criteria is to investigate all variances exceeding $2,700 or 11.5%? (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. favorable variances Choose from any list or enter any number in the input fields and then continue to the next question. 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 nerformance evaluation report for this subunit. 2. Base Data Table $2.7 4. Sho 3. Whic ng Indirect Utilities Deprec 2 Repairs Total Require B D E 1 Speed Sports Manufacturing Company-Water Sports Subunit 2 Monthly Performance Report 3 For the Month Variance 4 Actual Budgeted Variance Percentage 5 Direct materials 16,095 $ 15,000 6 Direct labor 15,240 16,000 7 Indirect labor 29,200 25,000 8 Utilities 16,395 15,000 9 Depreciation 24,000 24,000 10 Repairs and maintenance 6,285 7,500 11 Total $ 107,215 $ 102,500 "Be sure to indicate whether each variance is favorable (F) or unfavorable (U). This sul 1 Require exceed tu s Print Done Require favorable variances Choose from any list or enter any number in the input fields and then continue to the next

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Equity Asset Valuation

Authors: Jerald E. Pinto, Elaine Henry, Thomas R. Robinson, John D. Stowe, Abby Cohen

2nd Edition

978-0470571439