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Author Question: The financial results for one of the subunits of Factory Six Racing is presented in the partially ... (Read 41 times)

TVarnum

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on: Jan 5, 2020
The financial results for one of the subunits of Factory Six Racing is presented in the partially completed performance evaluation report below.




Subunit - CobraST


Actual

Flexible
Budget		Flexible
Budget
Variance
(U or F)
Percentage*
Variance
(U or F)
Sales$243,000$225,000​​
Cost of goods sold  130,000  125,000​​
Gross margin$113,000$100,000​​
Operating expenses   26,000    25,000​​
Operating income before service department charges$87,000$75,000​​
Service department charges (allocated)   17,500   12,500​​
Operating income$69,500$62,500​​
​​​​​

* Flexible budget variance/Flexible budget

Required:
1.Complete the performance report rounding to three decimal places.
2.Based on the data presented, what type of responsibility centre is this subunit?
3.Which items should be investigated if part of management's decision criteria is to investigate all
variances equal to or exceeding $5,000 and exceeding 10% ( both criteria must be met)?
Managerial Accounting, Canadian Edition ¦ Braun, Tietz, Pyper ¦ 2nd Edition
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Marked as best answer by TVarnum on Jan 5, 2020

iman

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Reply #1 on: Jan 5, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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TVarnum

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Reply 2 on: Jan 5, 2020
Great answer, keep it coming :)

helenmarkerine

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Reply 3 on: Yesterday
:D TYSM

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