Question Help me subunit of Zone Sports Company had the following financial results last month: Click the icon to view the financial results.) ead the requirements % % % oquirement 1. Complete the performance evaluation report for the subunit (Enter a variance for each account and select whether the variance is favorable or nfavorable. Enter the variance percent as a percentage rounded to two decimal places, XXX%) Actual Flexible Flexible Budget % Varianco Subunit X Results Budget Variance (For U) (For U) Sales $ 473,000 $450,000 Variable Expenses 266,000 255,000 Contribution Margin $ 207.000 $ 195,000 Traceable Fixed Expenses 37.000 31,000 $ 170,000 $ Divisional Segment Margin 164,000 Requirement 2. Based on the data presented and your knowledge of the company, 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 to investigate all variances equal to or exceeding $5,000 and exceeding 10% (both criteria must be met)? Management should investigate the following: (Leave unused cells blank.) % % Choose from any list or enter any number in the input fields and then continue to the next question. Curl One subunit of Zone Sports Company had the following financial results last month: Click the icon to view the financial results.) Read the requirements Requirement 3. Which items should be investigated if part of management's decision criteria is to investigate all variances equal to or exceedings exceeding 10% (both criteria must be met)? Management should investigate the following: (Leave unused cells blank.) Requirement 4. Should only unfavorable variances be investigated? Explain Managers should investigate Favorable expense variances Requirement 5. Is it possible that the variances are due to a higher-than-expected sales volume? Explain. The flexible budget variances due to sales volume differences between budget and actual. Differences in sales volume are captured by t The flexible budget variance is due to Requirement 6. Will management place equal weight on each of the variances exceeding $5,000? Explain. Management will because Choose from any list or enter any number in the input fields and then continue to the next question. E Question Help 10 One subunit of Zone Sports Company had the following financial results last month: Click the icon to view the financial results.) Read the requirements The flexible budget vanance is due to Requirement 6. Will management place equal weight on each of the variances exceeding $5,000? Explain. Management will because Requirement 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 The performance report addresses the perspective of the balanced Scorecard, performance measures tend to be indicators. They typically 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 list Complete the following table to identity one key performance indicator for the three other balanced Scorecard perspectives Balanced scorecard Key performance perspective indicator 11 Choose from any list or enter any number in the input fields and then continue to the next question 07 111 Enter the variance Flexible Actual Results Flexible Budget Variance (F or U) % Variance (F or U) Budget - X - Data Table penses n Margi Fixed Flexible Budget Variance (F or U) % Variance (For U) Segmer Subunit X Actual Results $ 473,000 $ 266,000 Flexible Budget 450,000 255,000 ment 2.B Sales ormance 207,000 37,000 Variable Expenses Contribution Margin Traceable Fixed Expenses Divisional Segment Margin 195,000 31,000 and ment 3. g 10% (be $ 170.000 $ 164.000 ment shou Print Done from any fist or enter any number in the input Telds and then continue to the next question for Later 5 207,000 $ . Requirements $ a r or exceed uld st be the fd 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. any ny Print Done actice Problems and Exercises
