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The accountant for a subunit of Speed Sports Company went on vacation before completing the subunit's monthly responsibility report. This is as far as
The accountant for a subunit of Speed Sports Company went on vacation before completing the subunit's monthly responsibility report. This is as far as she got: (Click the icon to view the responsibility report.) Read the requirements Requirement 1. Complete the responsibility report for this subunit Speed-Subunit X Revenue by Product Downhill-Ri Actual Results Flexible Budget Variance Flexible Budget Sales Volume Static Variance Budget $ 321,000 17,000 F $ 295,000 Downhill-Ril 151,000 161,000 145,000 Cross-EXI 285,000 3,000 U 288,000 303,000 Cross-EXII 259,000 255,000 16,500 U 271,500 Snow-LXI 425,000 2,000 404.000 1,441,000 Total Requirement 2. Based on the data presented what type of responsibility center is this subunit? Requirement 3. Which items should be investigated if part of management's decision crite Using the flexible budget variance as a guide, the following items will be investigated $ 1,418,500 Data table Requirements 1. Complete the responsibility report for this subunit 2. Based on the data presented, 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 exceeding $12,000? Print Done Speed-Subunit X Revenue by Product Actual Results Flexible Budget Variance Flexible Budget Sales Volume Variance Static Budget Downhill-Ri $ 321,000 (a) 151,000 (c) $ 285,000 $ 3,000 U (b) 161,000 288,000 $ 17,000 F $ 295,000 (0) 145,000 (e) 303,000 Cross-EXII Snow-LXI 259,000 00 255,000 16,500 U 271,500 425,000 2,000 F (s) 404,000 $ 1,441,000 0 $ 1,418,500 Total Using the sales volume variance as a guide, the following items will be investigated. Downhill-Ril Cross-EXI Print Done
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