Question:

Data/Requirements:

One subunit of Xtreme Sports Company had the following financial results last month Click the icon to view the financial results.) Read the requirements Requirement 1. Complete the performance evaluation report for this subunit. Enter the variance percent as a percentage of the budgeted amount rounded to two places. (Enter a variance for each account as a positive number, and select whether the variance is favorable [F] or unfavorable [U]. For any zero variances, enter a 0 in the variance column and then leave the F or U box blank. Enter the variance percent as a percentage rounded to two decimal places, X.XX%.) Flexible Budget Actual Flexible Xtreme-Subunit X Variance (F or U) Results Budget 29,000 $ Direct Materials 27,200 Direct Labor 13,100 13,600 26,600 23,300 Indirect Labor Utilities 12,000 11,200 27,000 Depreciation 27,000 5,100 6,000 Repairs and Maintenance 112,800 S 108,300 Total Choose from any list or enter any number in the input fields and then click Check Answer. ? parts remaining Clear All Check Answer a aaulsemonte Read aouicoraenta - X i Data Table i Requirements Requi varian ge ve n XX Flexible Budget Actual % Variance 1. Complete the performance evaluation report for this subunit. Enter the variance percent as a percentage of the budgeted amount rounded to two decimal places Xtrem Xtreme-Subunit X Variance (F or U) Results Flexible Budget (F or U) Direct Direct Materials 29.000 $ 27,200 2. Based on the data presented, what type of responsibility center is this subunit? Direct Direct Labor 3. Which items should be investigated if part of management's decision criteria is to investigate all variances exceeding $2,500 or 10%? 13,100 13,600 Indired Indirect Labor 26,600 23,300 Utilitie 4. Should only unfavorable variances be investigated? Explain. Utilities 12,000 11,200 Depre Depreciation 27,000 27,000 Repai Print Done 5,100 6,000 Repairs and Maintenance Total 112.800 $ 108,300 Total Print Done