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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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