One subunit of Contest Sports Manufacturing Company had the following financial results last month: Click the icon to vi

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One Subunit Of Contest Sports Manufacturing Company Had The Following Financial Results Last Month Click The Icon To Vi 1 (83.24 KiB) Viewed 39 times

One subunit of Contest Sports Manufacturing Company had the following financial results last month: 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 the management's decision criteria is to investigate all variances exceeding $3,200 or 12%? 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 'o'. A variance of zero is considered favorable.) - X Data table Variance (U or F) Product S Direct materials Direct labor A B с D E Indirect labor Utilities Actual Budgeted 21,480 $ 20,000 16,660 17,500 28,140 24,000 10.940 10,000 21,800 21,800 4,195 5,000 Depreciation Repairs and maintenance 98,300 $ 103,215 $ Total 1 Contest Sports Manufacturing Company-Fishing Accessories Subunit 2 2 Monthly Performance Report 3 3 For the Month Variance 4. Actual Budgeted Variance Percentage 5 Direct materials S 21,480 S 20,000 6 Direct labor 16,660 17,500 7 Indirect labor 28,140 24,000 8 Utilities 10,940 10,000 9 Depreciation 21,800 21,800 10 Repairs and maintenance 4,195 5,000 11 Total S 103,215 S 98,300 "Be sure to indicate whether each variance is favorable (F) or unfavorable (U).