REQUIREMENTS AND DATA ARE IN PICTURES. PLEASE COMPLETE ALL 8 SECTIONS OF REQUIREMENTS THANK YOU!

One subunit of Racer Sports Company had the following fnancial recults lest monthe F73 (Click the icon to view the financial results.) Requirement 1. Complete the performanoe evaluation report tor thin subunit (round to three decimal phaces). (Enter a yarianoo for each acoount and select whathor fie variance it unfavorabie (U) or favorablo (F). Entor the rosults as positive numbors, Enter the variance peroents as a porcentage to three decimal glaces, .ocxockst. Requiremont 2, Based on the data presented, what type of responsibility center is this subunit? This performance report indudes therefore this subunit must be Requirement 3. Which items should be investigated 4 part of management's decielon criterla is to investigate all variances equal to or arceeding $13,000 ard eciseeding 10% footh Requirement 4. Should only unfavorable variances be investigated? Explain. Maragers should investigate Favcrable varlances Maragenent neods to evaluale to determine the root cause of the variance Requirement 5. is it possible that the variances are duo to a higher-than-expected sales volume? freplain. The faxible bodget variances doe to sales volume differonoos betwoon budget and achual, DHaronoes in salen volume are coptured by the The fexible budgot variance is due to Roquirement 6. Do you think management will place equal weight on oach of the $13.000 varlances? Expiain. Monajement will Addicionaliy, they may not place much wo ght on Roquirement 7. Which balanced scorecard perspective is being addressed through this performance report? In your opinion, is this performance report a had or isg indichtor? Eiphain, The performance report addresses the bypicaly Requirement 8 , Give one key performance indicator for the other three balanced soorecard perspectives. Indicate which pertpoctive is being addressed by the irisicilon yeu ist. Are they laad of lag incicators? Explain. Complote the following table to idertify one kery perfomance indicator for fhe thee other belariced sconecard perapectives. Are they load or lag indicstors? Explain: Each of these performance measures is a indicator which tend to The performance indeasoss listed above are oben befier at Data table Requirements 1. Complete the performance evaluation report for this subunit (round to three decimal places). 2. Based on the data presented, what type of responsibility center is this subunit? 3. Which items should be investigated if part of the management's decision criteria is to investigate all variances equal to or exceeding $13,000 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. Do you think management will place equal weight on each of the $13,000 variances? Explain. 7. Which balanced scorecard perspective is being addressed through this performance report? In your opinion, is this performance report a lead or lag indicator? Explain. 8. Give one key performance indicator for the other three balanced scorecard perspectives. Indicate which perspective is being addressed by the indicators you list. Are they lead or lag indicators? Explain