One subunit of Soaring Sports Manufacturing Company had the following financial results last month:E (Click the icon to view the financial results.)Requirements1. 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 11%?4. Should only unfavorable variances be investigated? Explain.Requirement 1. Complete the performance evaluation report for this subunit. (Enter the variances as positive numbers. Rour(U). If the variance is 0, make sure to enter in a "0". A variance of zero is considered favorable.)Data tableVarianceBEVariancePercentageSoaring Sports Manufacturing Company-Golf Accessories SubunitProductActualBudgeted(U or F)(U or F)2Monthly Performance ReportDirect materials26,925 $25,0003For the MonthDirect labor14,23515,000U%VarianceIndirect labor29,27525,000FBudgeted Variance *%4ActualPercentage *13,170U25,000Utilities12,000%5 Direct materials$ 26,925 SDepreciation15,50015,500F%6 Direct labor14,23515,000Repairs and maintenance6,3157,500%7 Indirect labor29,27525,000$ 105,420 $100,000Total%8 Utilities13,17012,0009 Depreciation15,50015,500Reauirement 2. Based on the data presented. what tvpe of responsibilitv center is the subunit?10 Repairs and maintenance6,3157,50011 Total$ 105,420 s 100,000*Do cure to indinata ubathoronah uarionns in fuorable (ELorunfouorable K

The question is based on the concept of Cost Accounting. As per the Bartleby guidelines we are…

One subunit of Soaring Sports Manufacturing Company had the following financial results last month: E (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 119%? 4. Should only unfavorable variances be investigated? Explain. Requirement 1. Complete the performance evaluation report for this subunit. (Enter the variances as positive numbers. Rour (U). If the variance is 0, make sure to enter in a "0". A variance of zero is considered favorable.) Data table Variance A B D E Variance Percentage Soaring Sports Manufacturing Company-Golf Accessories Subunit Product Actual Budgeted (U or F) (U or F) Monthly Performance Report Direct materials $ 26,925 $ 25,000 F 14,235 U % 3 For the Month Direct labor 15,000 Varian Percenta Indirect labor 29,275 25,000 F 4 Actual Budgeted Variance Utilities 13,170 12,000 % 5 Direct materials 26,925 s 25,000 Depreciation 15,500 15,500 F % 6 Direct labor 15,000 14,235 Repairs and maintenance 6,315 7,500 7 Indirect labor 25,000 29,275 $ 105,420 $ 100,000 8 Utilities 13,170 Total 12,000

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter28: The Balanced Scorecard And Corporate Social Responsibility

Section: Chapter Questions

Problem 3PA: Hyperflash Inc. has a balanced scorecard that includes the following relationships: Actual results...