One subunit of Bacall Sports Manufacturing Company had the following financial results last month: EEE (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 $2,500 or 12.5%? 4. Should only unfavorable variances be investigated? Explain. Requirement 1. Complete the performance evaluation report for this subunit. (Enter the variances as positive numbers. Round the variance percentages to the nearest hundredth percent, X.XX%. Label each variance as favorable (F) or unfavorable (U). If the variance is 0, make sure to enter in a "0". A variance of zero is co Direct materials Direct labor Indirect labor Utilities Depreciation Product Repairs and maintenance Total Get more help. Actual $ Budgeted 16,095 $ 15,240 29,200 16,395 24,000 6,285 $ 107,215 S 102,500 15,000 16,000 25,000 15,000 24,000 7,500 Variance (U or F) Data table 1 2 3 4 A с Bacall Sports Manufacturing Company-Water Sports Subunit Monthly Performance Report For the Month 5 Direct materials 6 Direct labor 7 Indirect labor 8 Utilities 9 Depreciation 10 Repairs and maintenance B $ Actual Budgeted 16,095 $ 15,000 15,240 16,000 29,200 25,000 16,395 15,000 24,000 Variance * 24,000 6,285 7,500 11 Total $ 107,215 S 102,500 "Be sure to indicate whether each variance is favorable (F) or unfavorable (U). E Variance Percentage *

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question
sports manufacturing company
attached in ss below
thanks
for help
One subunit of Bacall Sports Manufacturing Company had the following financial results last month:
(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 $2,500 or 12.5%?
4. Should only unfavorable variances be investigated? Explain.
Requirement 1. Complete the performance evaluation report for this subunit. (Enter the variances as positive numbers. Round the variance percentages to the nearest hundredth percent, X.XX%. Label each variance as
favorable (F) or unfavorable (U). If the variance is 0, make sure to enter in a "0". A variance of zero is
Direct materials
Direct labor
Indirect labor
Utilities
Product
Depreciation
Repairs and maintenance
Total
Get more help.
$
Actual
Budgeted
16,095 $
15,240
29,200
16,395
24,000
6,285
$ 107,215 S 102,500
15,000
16,000
25,000
15,000
24,000
7.500
Variance
(U or F)
Data table
1
2
3
с
D
Bacall Sports Manufacturing Company-Water Sports Subunit
Monthly Performance Report
For the Month
4
Actual Budgeted
15,000
16,000
16,095 $
15,240
29,200
25,000
16,395
15,000
24,000
24,000
6,285
7,500
$ 107,215 S
102,500
11 Total
*Be sure to indicate whether each variance is favorable (F) or unfavorable (U).
B
5 Direct materials
6 Direct labor
7 Indirect labor
8 Utilities
9 Depreciation
10 Repairs and maintenance
$
Variance *
E
Variance
Percentage *
X
Transcribed Image Text:One subunit of Bacall Sports Manufacturing Company had the following financial results last month: (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 $2,500 or 12.5%? 4. Should only unfavorable variances be investigated? Explain. Requirement 1. Complete the performance evaluation report for this subunit. (Enter the variances as positive numbers. Round the variance percentages to the nearest hundredth percent, X.XX%. Label each variance as favorable (F) or unfavorable (U). If the variance is 0, make sure to enter in a "0". A variance of zero is Direct materials Direct labor Indirect labor Utilities Product Depreciation Repairs and maintenance Total Get more help. $ Actual Budgeted 16,095 $ 15,240 29,200 16,395 24,000 6,285 $ 107,215 S 102,500 15,000 16,000 25,000 15,000 24,000 7.500 Variance (U or F) Data table 1 2 3 с D Bacall Sports Manufacturing Company-Water Sports Subunit Monthly Performance Report For the Month 4 Actual Budgeted 15,000 16,000 16,095 $ 15,240 29,200 25,000 16,395 15,000 24,000 24,000 6,285 7,500 $ 107,215 S 102,500 11 Total *Be sure to indicate whether each variance is favorable (F) or unfavorable (U). B 5 Direct materials 6 Direct labor 7 Indirect labor 8 Utilities 9 Depreciation 10 Repairs and maintenance $ Variance * E Variance Percentage * X
Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Quality control
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.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education