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)

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter28: The Balanced Scorecard And Corporate Social Responsibility

Section: Chapter Questions

Problem 3PA: Hyperflash Inc. has a balanced scorecard that includes the following relationships: Actual results...

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