One subunit of Harris Sports Company had the following financial results last month: (Click the icon to view the financial results.) Read the requirements. Requirement 1. Complete the performance evaluation report for this subunit. Enter the variance percent as a percentage of the budgeted amount rounded to two places. (Enter a variance for positive number, and select whether the variance is favorable [F] or unfavorable [U]. For any zero varianc percentage rounded to two decimal places, X.XX%.) Data table Actual Flexible % Variance Flexible Budget Variance (F or U) Harris-Subunit X Results Budget (F or U) Actual % Flexible E Direct Materials Results Flexible Budget Variance (I Direct Labor % Harris-Subunit X Direct Materials 25,900 % Indirect Labor 13,800 Direct Labor Utilities Indirect Labor 23,100 D Depreciation. 11,300 Utilities Repairs and Maintenance. 25,000 Depreciation 5,600 Repairs and Maintenance Total 104.700 esc 2 S 28,000 $ 13,000 26,400 12,300 25,000 4.600 $ 109.300 S # 25,900 13,800 23,100 11,300 25,000 5,600 104,700 * $ IMI Ir % hl % % % 4 & 8 9 S 28,000 $ 13,000 26,400 12,300 25,000 4,600 $ 109,300 $ AAL + Insert L
One subunit of Harris Sports Company had the following financial results last month: (Click the icon to view the financial results.) Read the requirements. Requirement 1. Complete the performance evaluation report for this subunit. Enter the variance percent as a percentage of the budgeted amount rounded to two places. (Enter a variance for positive number, and select whether the variance is favorable [F] or unfavorable [U]. For any zero varianc percentage rounded to two decimal places, X.XX%.) Data table Actual Flexible % Variance Flexible Budget Variance (F or U) Harris-Subunit X Results Budget (F or U) Actual % Flexible E Direct Materials Results Flexible Budget Variance (I Direct Labor % Harris-Subunit X Direct Materials 25,900 % Indirect Labor 13,800 Direct Labor Utilities Indirect Labor 23,100 D Depreciation. 11,300 Utilities Repairs and Maintenance. 25,000 Depreciation 5,600 Repairs and Maintenance Total 104.700 esc 2 S 28,000 $ 13,000 26,400 12,300 25,000 4.600 $ 109.300 S # 25,900 13,800 23,100 11,300 25,000 5,600 104,700 * $ IMI Ir % hl % % % 4 & 8 9 S 28,000 $ 13,000 26,400 12,300 25,000 4,600 $ 109,300 $ AAL + Insert L
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter9: Standard Costing: A Functional-based Control Approach
Section: Chapter Questions
Problem 21E: Madison Company uses the following rule to determine whether direct labor efficiency variances ought...
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![One subunit of Harris Sports Company had the following financial results last month:
(Click the icon to view the financial results.)
Read the requirements.
Requirement 1. Complete the performance evaluation report for this subunit. Enter the variance percent as a percentage of the budgeted amount rounded to two places. (Enter a variance for each account as a
positive number, and select whether the variance is favorable [F] or unfavorable [U]. For any zero varianc
percentage rounded to two decimal places, X.XX%.)
Data table
Actual
Flexible
% Variance
Flexible Budget
Variance (F or U)
Harris-Subunit X
Results
Budget
(F or U)
%
Actual
Flexible Budget
Direct Materials
% Variance
(F or U)
Results
%
Direct Labor
Harris-Subunit X
Direct Materials
Flexible Budget Variance (F or U)
25,900
%
Indirect Labor
Direct Labor
13,800
Utilities
Indirect Labor
23.100
D
Depreciation
Utilities
11,300
Repairs and Maintenance.
Depreciation
25,000
5,600
Repairs and Maintenance
104,700
Total
esc
?
S
S
28,000 $
13,000
26,400
12,300
25,000
4.600
109.300 S
i #
25,900
13,800
23,100
11,300
25,000
5,600
104.700
*
$
Im
%
al
%
%
4
&
8
144
9
S
28,000 $
13,000
26,400
12,300
25,000
4,600
$ 109,300 $
AL
Insert
L
prt sc
backspace
delete
hom](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb854e95b-6f91-4ea9-9e99-ab6ba7352139%2Fb7f0ca7d-73b1-4367-a266-07560499bfe7%2F0kb7bd8l_processed.jpeg&w=3840&q=75)
Transcribed Image Text:One subunit of Harris Sports Company had the following financial results last month:
(Click the icon to view the financial results.)
Read the requirements.
Requirement 1. Complete the performance evaluation report for this subunit. Enter the variance percent as a percentage of the budgeted amount rounded to two places. (Enter a variance for each account as a
positive number, and select whether the variance is favorable [F] or unfavorable [U]. For any zero varianc
percentage rounded to two decimal places, X.XX%.)
Data table
Actual
Flexible
% Variance
Flexible Budget
Variance (F or U)
Harris-Subunit X
Results
Budget
(F or U)
%
Actual
Flexible Budget
Direct Materials
% Variance
(F or U)
Results
%
Direct Labor
Harris-Subunit X
Direct Materials
Flexible Budget Variance (F or U)
25,900
%
Indirect Labor
Direct Labor
13,800
Utilities
Indirect Labor
23.100
D
Depreciation
Utilities
11,300
Repairs and Maintenance.
Depreciation
25,000
5,600
Repairs and Maintenance
104,700
Total
esc
?
S
S
28,000 $
13,000
26,400
12,300
25,000
4.600
109.300 S
i #
25,900
13,800
23,100
11,300
25,000
5,600
104.700
*
$
Im
%
al
%
%
4
&
8
144
9
S
28,000 $
13,000
26,400
12,300
25,000
4,600
$ 109,300 $
AL
Insert
L
prt sc
backspace
delete
hom
Transcribed Image Text:Read the requirements.
(...)
Requirement 2. Based on the data presented, what type of responsibility center i
this subunit?
What type of responsibility center is this unit?
Requirement 3. Which items should be investigated if part of management's decision criteria is to investigate all variances exceeding $2,500 or 10% ? (If a box is not used in the table, leave the box empty.)
4
Requirement 4. Should only unfavorable variances be investigated?
Favorable variances
be investigated to
Actual
Fle
Results Flexible Budget Var
28,000 $
25,900
13,000
13,800
26,400
12,300
Data table
Harris-Subunit X
Direct Materials
Direct Labor
Indirect Labor
insert
23,100
11,300
prt sc
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