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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: Requirement 1. Complete the responsibility report for this subunit. Speed-Subunit X Revenue by Product Actual Results Flexible Budget Variance Downhill-RI $ 321,000 Data table Flexible Sales Volume Static Budget Variance Budget $ 17,000 F $ 295,000 Requirements Speed-Subunit X Revenue by Product Actual Results Flexible Budget Variance Flexible Budget Sales Volume Variance Static Budget 1. Complete the responsibility report for this subunit. 2. Downhill-RI $ 321,000 (a) (b) $ 17,000 F $ 295,000 Based on the data presented, what type of responsibility center is this subunit? Downhill-RII 151,000 (c) 161,000 (d) 145,000 3. Which items should be investigated if part of management's decision criteria is to investigate all variances exceeding $12,000? Cross-EXI Cross-EXII 285,000 $ 3,000 U 288,000 (e) 303,000 259,000 (f) 255,000 16,500 U 271,500 Snow-LXI 425,000 2,000 F (g) (h) 404,000 $ 1,441,000 (i) (j) (k) $ 1,418,500 Total

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