One subunit of Hazelton 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 $3,400 or 11.5% 7 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, XXXX% 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 considered favorable) Direct materials Direct labor Indirect labor- Utilities Product Depreciation Repairs and maintenance Total Actual $ 21.500 $ 14,250 20.250 10,950 25.000 4,200 S 105,150 $ Budgeted 20,000 15,000 25,000 10.000 COTC 25,000 6,000 100,000 Variance (U or F)
One subunit of Hazelton 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 $3,400 or 11.5% 7 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, XXXX% 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 considered favorable) Direct materials Direct labor Indirect labor- Utilities Product Depreciation Repairs and maintenance Total Actual $ 21.500 $ 14,250 20.250 10,950 25.000 4,200 S 105,150 $ Budgeted 20,000 15,000 25,000 10.000 COTC 25,000 6,000 100,000 Variance (U or F)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Se.107.
Transcribed Image Text:One subunit of Hazelton 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 $3,400 or 11.5% 7
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, XXX%
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 considered favorable)
Direct materials
Direct labor
Product
Indirect labor.
Utilities
Depreciation
Repairs and maintenance
Total
Actual Budgeted
20,000
15,000
25,000
10.000
25,000
5,000
100,000
S 21,500 $
14,250
29.250
10,950
COT
25,000
4,200
105,150 $
Variance
(U or F)
Transcribed Image Text:ria
-
or
on
and
Data table
1
2
3
B
A
Hazelton Sports Manufacturing Company-Hiking Accessories Subunit
Monthly Performance Report
For the Month
$
4
Actual Budgeted Variance *
5 Direct materials
21,500 $
20,000
6 Direct labor
14,250
15,000
7 Indirect labor
29,250
25,000
8 Utilities
10,950
10,000
9 Depreciation
25,000
25,000
4,200
5,000
10 Repairs and maintenance
$ 105,150 $ 100,000
11 Total
"Be sure to indicate whether each variance is favorable (F) or unfavorable (U).
Print
E
Done
Variance.
Percentage
=
X
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