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The accountant for a subunit of Xtreme Sports Company went on vacation before completing the subunit's monthly responsibility report. This is as far as she
The accountant for a subunit of Xtreme 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. Flexible Budget Variance L L Sales Volume Variance 19.000 F Xtreme-Subunit X Revenue by Product Downhill-RI Downhill-RII Cross-EXI Cross-EXII Actual Results $ 324,000 L 150,000 282,000 253,000 422,000 1.440,000 Flexible Budget S 171.000 280,000 248.000 4.000 U Static Budget $ 298,000 153,000 301.000 265,500 399,000 S 1.416,500 19.500 U Snow-LXI 4.000 O Total Requirement 2. Based on the data presented what type of responsibility center is this subunit? 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 criteria is to investigate all variances exceeding $13,000? (Leave any unused cells blank.) Using the flexible budget variance as a guide, the following items will be investigated: Using the sales volume variance as a guide, the following items will be investigated: Static Budget $ Xtreme-Subunit X Revenue by Product Downhill-RI Downhill-RII Cross-EXI Cross-EXII Snow-LXI Actual Flexible Budget Results Variance 324.000 (a) 150,000 282,000 $ 4.000 U 253,000 422,000 4,000 F 1.440,000 Flexible Sales Volume Budget Variance (b) $ 19,000 F 171,000 (d) 286,000 (e) 248,000 19,500 U 153,000 301,000 265,500 399,000 1.416,500 ( $ Total
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