This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The financial results for one of the subunits of Factory Six Racing is presented in the partially ... (Read 36 times)

TVarnum

  • Hero Member
  • *****
  • Posts: 548
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by TVarnum on Jan 5, 2020

iman

  • Sr. Member
  • ****
  • Posts: 334
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.
Answer Preview
Only 29% of students answer this correctly


TVarnum

  • Member
  • Posts: 548
Reply 2 on: Jan 5, 2020
:D TYSM

epscape

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Results of selective breeding for oil content in corn plants. Results of selective breeding for oil content in corn plants.
Examples of the results of sexual selection, a type of natural selection. Examples of the results of sexual selection, a type of natural selection.
A TECH 2 scan tool is the factory scan tool used on General Motors vehicles. A TECH 2 scan tool is the factory scan tool used on General Motors vehicles.
The F1 and F2 results of crosses Sturtevant The F1 and F2 results of crosses Sturtevant
Results of a genome-wide association study (GWAS) to detect SNPs Results of a genome-wide association study (GWAS) to detect SNPs
Escherichia coli RNA Polymerase Sigma Subunits Escherichia coli RNA Polymerase Sigma Subunits
Video: Activation Energy - Valence Electrons

For a complete list of videos, visit our video library