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One subunit of Racer 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 the subunit. (Enter a variance for each account as a positive number and select whether the variance is favorable or unfavorable. Enter the variance percent as a percentage rounded to two decimal places, X.XX%.) Actual Flexible Flexible Budget - X Data Table Subunit X Results Budget Variance (F or U) $ 476,000 $ 451,000 Net Sales Revenue Flexible Budget % Variance (F Variance (F or U) Variable Expenses 261,000 251,000 Subunit X Actual Results Flexible Budget or U) Contribution Margin $ 215,000 $ 200,000 Net Sales Revenue $ 476,000 $ 451,000 40,000 26,000 Traceable Fixed Expenses 261,000 251,000 Variable Expenses $ 175,000 $ 174,000 Divisional Segment Margin Contribution Margin 215,000 200,000 40,000 26,000 Traceable Fixed Expenses 24 175,000 $ 174,000 Divisional Segment Margin

One subunit of Racer 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 the subunit. (Enter a variance for each account as a positive number and select whether the variance is favorable or unfavorable. Enter the variance percent as a percentage rounded to two decimal places, X.XX%.) Actual Flexible Flexible Budget - X Data Table Subunit X Results Budget Variance (F or U) $ 476,000 $ 451,000 Net Sales Revenue Flexible Budget % Variance (F Variance (F or U) Variable Expenses 261,000 251,000 Subunit X Actual Results Flexible Budget or U) Contribution Margin $ 215,000 $ 200,000 Net Sales Revenue $ 476,000 $ 451,000 40,000 26,000 Traceable Fixed Expenses 261,000 251,000 Variable Expenses $ 175,000 $ 174,000 Divisional Segment Margin Contribution Margin 215,000 200,000 40,000 26,000 Traceable Fixed Expenses 24 175,000 $ 174,000 Divisional Segment Margin

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter13: Emerging Topics In Managerial Accounting
Section: Chapter Questions
Problem 22BEA: Andresen Company had the following quality costs for the years ended June 30, 20X1 and 20X2: At the...
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One subunit of Racer 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 the subunit. (Enter a variance for each account as a positive number and select whether the variance is favorable or unfavorable. Enter the variance percent as a percentage rounded to two decimal places, XX.XX%.) Actual Flexible Flexible Budget Data Table Subunit X Results Budget Variance (F or U) Net Sales Revenue $ 476,000 $ 451,000 261,000 251,000 Flexible Budget % Variance (F Variance (F or U) Variable Expenses Subunit X Actual Results Flexible Budget or U) Contribution Margin $ 215,000 $ 200,000 Net Sales Revenue $ 476,000 $ 451,000 Traceable Fixed Expenses 40,000 26,000 261,000 251,000 Variable Expenses $ 175,000 $ 174.000 Divisional Segment Margin Contribution Margin 215,000 200,000 40,000 26,000 Traceable Fixed Expenses $ 175,000 $ 174,000 Divisional Segment Margin
Transcribed Image Text:One subunit of Racer 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 the subunit. (Enter a variance for each account as a positive number and select whether the variance is favorable or unfavorable. Enter the variance percent as a percentage rounded to two decimal places, XX.XX%.) Actual Flexible Flexible Budget Data Table Subunit X Results Budget Variance (F or U) Net Sales Revenue $ 476,000 $ 451,000 261,000 251,000 Flexible Budget % Variance (F Variance (F or U) Variable Expenses Subunit X Actual Results Flexible Budget or U) Contribution Margin $ 215,000 $ 200,000 Net Sales Revenue $ 476,000 $ 451,000 Traceable Fixed Expenses 40,000 26,000 261,000 251,000 Variable Expenses $ 175,000 $ 174.000 Divisional Segment Margin Contribution Margin 215,000 200,000 40,000 26,000 Traceable Fixed Expenses $ 175,000 $ 174,000 Divisional Segment Margin
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