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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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
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