P24-20A (similar to) i Data Table - X One subunit of Zone Sports Company had the following financial results last month: (Click the icon to view the financial results.) Read the requirements. Flexible Budget Variance (F or U) % Variance (F or U) Requirement 1. Complete the performance evaluation report for the subunit. (Enter a variance for each account as a positive number and select whether Subunit X Net Sales Revenue Actual Results 476,000 $ 261,000 Flexible Budget 452,000 252,000 Flexible Budget Variance (F or U) Subunit X Net Sales Revenue Actual Flexible Results Budget 476,000 $ 452,000 261,000 252,000 Variable Expenses Contribution Margin Traceable Fixed Expenses $ 215,000 39,000 176,000 $ 200,000 26,000 174.000 Divisional Segment Margin Variable Expenses Contribution Margin Traceable Fixed Expenses $ 215,000 $ 39,000 200,000 26,000 i X Requirements - Print Done $ 176,000 $ 174,000 Divisional Segment Margin 1. Complete the performance evaluation report for the subunit (round to two decimal places) 2. Based on the data presented and your knowledge of the company, what type of responsibility center is this subunit? 3. Which items should be investigated if part of management's decision criteria is to investigate all variances equal to or exceeding $7,000 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. Will management place equal weight on each of the variances exceeding $7,000? Explain. 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. 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. Choose from any list or enter any number in the input fields and then click Check A 2 parts O remaining Check Answer 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 Data Table Flexible Budget Variance (F or U) % Variance (F or U) Subunit x Net Sales Revenue Variable Expenses Contribution Margin Actual Results 476,000 $ 261,000 Flexible Budget 452,000 252,000 Traceable Fixed Expenses 215,000 39,000 176,000 $ 200,000 26,000 174,000 $ Divisional Segment Margin Print Done 1. Complete the performance evaluation report for the subunit (round to two decimal places). Based on the data presented and your knowledge of the company, what type of responsibility center is this subunit? 3. Which items should be investigated if part of management's decision criteria is to investigate all variances equal to or exceeding $7,000 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. Will management place equal weight on each of the variances exceeding $7,000? Explain. 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. 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
