- X Data Table One subunit of Event Sports Company had the following financial results last month: : (Click the icon to view the financial results.) % % Read the requirements A B D E Requirement 1. Complete the performance evaluation report for this subunit (round to three decimal places). (Enter a vari 1 Event Sports Manufacturing Company-Team Sports Subunit ositive numbers. Enter the variance percents as a percentage to three decimal places, "XX.XXX%".) 2 Monthly Performance Report Event Sports Company-Team Sports Subunit 3 For the Month Monthly Performance Report Variance 4. Actual Budgeted Variance* Percentage* For the Month Variance 5 Sales $ 486.000 $ 450,000 Product Actual Budgeted Variance Percentage 6 Less: Variable expenses 260,000 250.000 Sales $ 486,000 $ 450,000 Requirements $ 7 Contribution margin 260,000 200,000 250,000 Less: Variable expenses 226,000 $ 8 Less: Direct fixed expenses 52,000 50,000 Contribution margin $ 226,000 $ 200.000 52,000 50,000 9 Segment margin $ 174,000 $ 150,000 1. Complete the performance evaluation report for this subunit (round to three decimal places). Less: Direct fixed expenses % 10 Less: Common fixed expenses 35,000 25,000 2. Based on the data presented, what type of responsibility center is this subunit? Segment margin $ 174,000 $ 150,000 3. Which items should be investigated if part of the management's decision criteria is to investigate all 35,000 25,000 Less: Common fixed expenses $ 139,000 $ 125,000 11 Operating income variances equal to or exceeding $10,000 and exceeding 14% (both criteria must be met)? *Be sure to indicate whether each variance is favorable (F) or unfavorable (U). 4. Should only unfavorable variances be investigated? Explain. 139,000 125,000 % Operating income 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 $10,000 variances? Explain. Requirement 2. Based on the data presented, what type of responsibility center is this subunit? Print Done 7. Which balanced Scorecard perspective is being addressed through this performance report? In your opinion, This performance report includes therefore this subunit must be 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 Requirement 3. Which items should be investigated if part of management's decision criteria is to investigate all variances equal to or exceeding $10,000 and exceeding 14% (both criteria must be met)? (If an inpu perspective is being addressed by the indicators you list. Are they lead or lag indicators? Explain. % % % Print Done Requirement 4. Should only unfavorable variances be investigated? Explain. Managers should investigate Favorable variances Management needs to evaluate to determine the root cause of the variance. Choose from any list or enter any number in the input fields and then continue to the next question. Requirement 4. Should only unfavorable variances be investigated? Explain. Managers should investigate Favorable variances Management needs to evaluate to determine the root cause of the variance Requirement 5. Is it possible that the variances are due to a higher-than-expected sales volume? Explain. The flexible budget variances V due to sales volume differences between budget and actual. Differences in sales volume are captured by the The flexible budget variance is due to Requirement 6. Do you think management will place equal weight on each of the $10,000 variances? Explain. Management will Additionally, they may not place much weight on because Requirement 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. The performance report addresses the perspective of the balanced Scorecard performance measures tend to be indicators. They typically Requirement 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. Complete the following table to identify one key performance indicator for the three other balanced Scorecard perspectives. Balanced Scorecard perspective Key performance indicator Are they lead or lag indicators? Explain. Each of these performance measures is a indicator which tend to The performance indicators listed above are often better at Choose from any list or enter any number in the input fields and then continue to the next