Variance Product (U or F) Direct materials $ Direct labor Indirect labor Actual Budgeted 13,400 $ 12,500 18,940 20,000 35,220 30,000 9,555 8,750 26,125 26,125 8,430 10,000 Utilities Depreciation Repairs and maintenance $ 111,670 $ 107,375 Total Data Table Zoom Sports Manufacturing Company-Camping and Hiking Subunit Monthly Performance Report For the Month Variance Percentage * Product Variance * Direct materials $ Direct labor Indirect labor Actual Budgeted 13,400 $ 12,500 18,940 20,000 35,220 30,000 9,555 8,750 26,125 26,125 8,430 10,000 Utilities Depreciation Repairs and maintenance $ 111,670 $ 107,375 Total *Be sure to indicate whether each variance is favorable (F) or unfavorable (U). One subunit of Zoom Sports Manufacturing Company had the following financial results last month: B: (Click the icon to view the financial results.) Requirements 1. Complete the performance evaluation report for this subunit. 2. Based on the data presented, what type of responsibility center is the subunit? 3. Which items should be investigated if part of management's decision criteria is to investigate all variances exceeding $2,900 or 11.5%? 4. Should only unfavorable variances be investigated? Explain. Requirement 1. Complete the performance evaluation report for this subunit. (Enter the variances as positive numbers. Round the variance percentages to the nearest hundredth percent, X.XX%. Label each variance as favorable (F) or unfavorable (U). If the variance is 0, make sure to enter in a "0". A variance of zero is considered favorable.) Variance Product (U or F) Direct materials $ Direct labor Indirect labor Actual Budgeted 13,400 $ 12,500 18,940 20,000 35,220 30,000 9,555 8,750 26,125 26,125 8,430 10,000 Utilities Depreciation Repairs and maintenance $ 111,670 $ 107,375 Total Data Table Zoom Sports Manufacturing Company-Camping and Hiking Subunit Monthly Performance Report For the Month Variance Percentage * Product Variance * Direct materials $ Direct labor Indirect labor Actual Budgeted 13,400 $ 12,500 18,940 20,000 35,220 30,000 9,555 8,750 26,125 26,125 8,430 10,000 Utilities Depreciation Repairs and maintenance $ 111,670 $ 107,375 Total *Be sure to indicate whether each variance is favorable (F) or unfavorable (U). One subunit of Zoom Sports Manufacturing Company had the following financial results last month: B: (Click the icon to view the financial results.) Requirements 1. Complete the performance evaluation report for this subunit. 2. Based on the data presented, what type of responsibility center is the subunit? 3. Which items should be investigated if part of management's decision criteria is to investigate all variances exceeding $2,900 or 11.5%? 4. Should only unfavorable variances be investigated? Explain. Requirement 1. Complete the performance evaluation report for this subunit. (Enter the variances as positive numbers. Round the variance percentages to the nearest hundredth percent, X.XX%. Label each variance as favorable (F) or unfavorable (U). If the variance is 0, make sure to enter in a "0". A variance of zero is considered favorable.)
