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please help with whole quesion ill give you a good rating. please help. thank you. all info is below. 7-2 Data table Subunit X Flexible
please help with whole quesion ill give you a good rating. please help. thank you. all info is below.
Data table Subunit X Flexible Budget % Variance (F Variance (F or U) or U) Net Sales Revenue Variable Expenses Contribution Margin Traceable Fixed Expenses Divisional Segment Margin Actual Results Flexible Budget 480,000 $ 453,000 265,000 253,000 215,000 200,000 38,000 31,000 177,000 $ 169,000 Requirements 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 $5,000 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 $5,000? 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. One subunit of Racing Sports Company had the following financial results last month Click the icon to view the financial results.) Read the resultamente Requirement 1. Complete the performance evaluation report for the subunit (Entor a variance for each account as a positive number and select whether the variance is favorable or unfavorable Enter the varianca percent as a percentage rounded to two decimal places, XXX%) Actual Flexible Flexible Budget % Variance Subunit X Results Budget Variance (For) (For U) Net Sales Revenue $ 400.000 453,000 Varble Expenses 265.000 263.000 Contribution Marin $ 215.000 $ 200.000 Traceable Fund Expenses 38.000 31000 197,000 5 Divisional Segment Margin 109,000 Requirement 2. Based on the data presented and your knowledge of the company, what type of responsibility conter is this suburut? This performance report includes therefore, this subunit must be Requirements which Rama should be investigated If part of management's decision criteria is to investigate al variances equal to or exceeding $5,000 and exceeding 10% (both criteria must be met)? Management should investigate the following an input fold is not used in the table, leave the innat fled empty) Requirement 4. Should only untavorable variances be investigated? Explain Managers should westgate Favorable axpense variances Requirements, int possible that the variances are due to a higher than expected sales volumo? Explain Mave to safet volume diferences between budget and actual, Differences in cales volume and captured by the The fekhle budget variance is due to Requirement 6 Will management place equal weight on each of the variances exceeding 55.0007 Bxplain The exible budget ances Management will because Requirement 7 Which balanced Scorecard perspective is being addressed through this performance report in your opinion, is this performance report a load or a lag indicator? Explain The performance report addresses the perspective of the balanced Scorecard. performance measures tend to be y indicators. They typicaly Requirement 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 Complete the following table to identty one key performance Indicator for the three other balanced Scorecard perspectives Balanced scorecard Key performance perspective Indicator 7-2
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