One subunit of Harris Sports Company had the following financial results last month: E (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 variances, enter a 0 in the variance column and then leave the F or U box blank. Enter the variance percent as a percentage rounded to two decimal places, X.XX%.) Actual Flexible Flexible Budget - X Harris - Subunit X Results Budget Variance (F or U) Data Table Direct Materials $ 28,000 $ 25,900 Direct Labor 13,000 13,800 Flexible Budget % Variance (F or U) Actual Indirect Labor 26,400 23,100 Harris-Subunit X Results Flexible Budget Variance (F or U) Utilities 12,300 11,300 Direct Materials S 28,000 $ 25,900 Depreciation 25,000 25,000 Direct Labor 13,000 13,800 Repairs and Maintenance 4,600 5,600 Indirect Labor 26,400 23,100 $ 109,300 $ 12,300 11,300 104,700 Utilities Total Depreciation 25,000 25,000 4,600 5,600 Repairs and Maintenance 109,300 $ 104,700 Total
One subunit of Harris Sports Company had the following financial results last month: E (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 variances, enter a 0 in the variance column and then leave the F or U box blank. Enter the variance percent as a percentage rounded to two decimal places, X.XX%.) Actual Flexible Flexible Budget - X Harris - Subunit X Results Budget Variance (F or U) Data Table Direct Materials $ 28,000 $ 25,900 Direct Labor 13,000 13,800 Flexible Budget % Variance (F or U) Actual Indirect Labor 26,400 23,100 Harris-Subunit X Results Flexible Budget Variance (F or U) Utilities 12,300 11,300 Direct Materials S 28,000 $ 25,900 Depreciation 25,000 25,000 Direct Labor 13,000 13,800 Repairs and Maintenance 4,600 5,600 Indirect Labor 26,400 23,100 $ 109,300 $ 12,300 11,300 104,700 Utilities Total Depreciation 25,000 25,000 4,600 5,600 Repairs and Maintenance 109,300 $ 104,700 Total
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 16E: Refer to the data in Exercise 9.15. Required: 1. Compute overhead variances using a two-variance...
Related questions
Question
4
![One subunit of Harris Sports Company had the following financial results last month:
E (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 variances, enter a 0 in the variance column and then leave the F or U box blank. Enter the variance percent as a percentage rounded to two decimal places, X.XX%.)
Actual
Flexible
Flexible Budget
Harris - Subunit X
Results
Budget
Variance (F or U)
Data Table
Direct Materials
$
28,000 $
25,900
Direct Labor
13,000
13,800
Flexible Budget
Flexible Budget Variance (F or U)
Actual
% Variance
Indirect Labor
26,400
23,100
Harris-Subunit X
Results
(F or U)
Utilities
12,300
11,300
Direct Materials
28,000 $
25,900
Depreciation
25,000
25,000
Direct Labor
13,000
13,800
Repairs and Maintenance
4,600
5,600
Indirect Labor
26,400
23,100
$
109,300 $
104,700
Utilities
12,300
11,300
Total
Depreciation
25,000
25,000
4,600
5,600
Repairs and Maintenance
$ 109,300 $
104,700
Total](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4d76a024-bd52-442b-a28d-e2cd86a37299%2F5665f0da-2c49-4b3d-b067-fef0753d53a3%2Fj1aaxfe_processed.png&w=3840&q=75)
Transcribed Image Text:One subunit of Harris Sports Company had the following financial results last month:
E (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 variances, enter a 0 in the variance column and then leave the F or U box blank. Enter the variance percent as a percentage rounded to two decimal places, X.XX%.)
Actual
Flexible
Flexible Budget
Harris - Subunit X
Results
Budget
Variance (F or U)
Data Table
Direct Materials
$
28,000 $
25,900
Direct Labor
13,000
13,800
Flexible Budget
Flexible Budget Variance (F or U)
Actual
% Variance
Indirect Labor
26,400
23,100
Harris-Subunit X
Results
(F or U)
Utilities
12,300
11,300
Direct Materials
28,000 $
25,900
Depreciation
25,000
25,000
Direct Labor
13,000
13,800
Repairs and Maintenance
4,600
5,600
Indirect Labor
26,400
23,100
$
109,300 $
104,700
Utilities
12,300
11,300
Total
Depreciation
25,000
25,000
4,600
5,600
Repairs and Maintenance
$ 109,300 $
104,700
Total
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College