One subunit of Racer 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 the subunit. (Enter a variance for each account as a positive number and select whether the variance is favorable or unfavorable. Enter the variance percent as a percentage rounded to two decimal places, X.XX%.) Actual Flexible Flexible Budget - X Data Table Subunit X Results Budget Variance (F or U) $ 476,000 $ 451,000 Net Sales Revenue Flexible Budget % Variance (F Variance (F or U) Variable Expenses 261,000 251,000 Subunit X Actual Results Flexible Budget or U) Contribution Margin $ 215,000 $ 200,000 Net Sales Revenue $ 476,000 $ 451,000 40,000 26,000 Traceable Fixed Expenses 261,000 251,000 Variable Expenses $ 175,000 $ 174,000 Divisional Segment Margin Contribution Margin 215,000 200,000 40,000 26,000 Traceable Fixed Expenses 24 175,000 $ 174,000 Divisional Segment Margin
One subunit of Racer 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 the subunit. (Enter a variance for each account as a positive number and select whether the variance is favorable or unfavorable. Enter the variance percent as a percentage rounded to two decimal places, X.XX%.) Actual Flexible Flexible Budget - X Data Table Subunit X Results Budget Variance (F or U) $ 476,000 $ 451,000 Net Sales Revenue Flexible Budget % Variance (F Variance (F or U) Variable Expenses 261,000 251,000 Subunit X Actual Results Flexible Budget or U) Contribution Margin $ 215,000 $ 200,000 Net Sales Revenue $ 476,000 $ 451,000 40,000 26,000 Traceable Fixed Expenses 261,000 251,000 Variable Expenses $ 175,000 $ 174,000 Divisional Segment Margin Contribution Margin 215,000 200,000 40,000 26,000 Traceable Fixed Expenses 24 175,000 $ 174,000 Divisional Segment Margin
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
7

Transcribed Image Text:One subunit of Racer 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 the subunit. (Enter a variance for each account as a positive number and select whether the variance is favorable or unfavorable. Enter the variance percent as a percentage
rounded to two decimal places, XX.XX%.)
Actual
Flexible
Flexible Budget
Data Table
Subunit X
Results
Budget
Variance (F or U)
Net Sales Revenue
$ 476,000 $
451,000
261,000
251,000
Flexible Budget % Variance (F
Variance (F or U)
Variable Expenses
Subunit X
Actual Results
Flexible Budget
or U)
Contribution Margin
$
215,000 $
200,000
Net Sales Revenue
$
476,000 $
451,000
Traceable Fixed Expenses
40,000
26,000
261,000
251,000
Variable Expenses
$ 175,000 $
174.000
Divisional Segment Margin
Contribution Margin
215,000
200,000
40,000
26,000
Traceable Fixed Expenses
$
175,000 $
174,000
Divisional Segment Margin
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