Actual results | Flexible Budget | Revenue and Spending Variances | % Variance | |||
(i) | (ii) | [(ii) / (i) ] X 100 | ||||
Direct materials | $ 28,200 | $ 26,100 | $ 2,100 | U | 8.05% | U |
Direct labor | $ 13,600 | $ 14,100 | $ 500 | F | 3.55% | F |
Indirect labor | $ 26,200 | $ 22,900 | $ 3,300 | U | 14.41% | U |
Utilities | $ 12,800 | $ 11,900 | $ 900 | U | 7.56% | U |
Depreciation | $ 25,000 | $ 25,000 | $ - | None | 0.00% | None |
Repairs and Maintenance | $ 4,100 | $ 4,800 | $ 700 | F | 14.58% | F |
Total | $1,09,900 | $1,04,800 | $ 5,100 | U | 4.87% | U |
%E24-22 (similar to) One subunit of Extreme Sports Company had the following financial results last month:...
E24-22 (similar to) One subunit of Extreme 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 for each account as a positive number, and select whether the variance is favorable [F] or unfavorable [U]. For any zero van U box blank. Enter the variance percent as a percentage rounded to two...
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One subunit of Winter Sports Manufacturing Company had the following financial results last month HE (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 subunt? 1. Which items should be investigated if part of management's decision criteria is to investigate al variancesceng $3,200 of 10%? 4. Should only unfavorable variances be investigated? Explain Requirement...