1. One subunit of Racer Sports Company had the following financial results last

Question

1. One subunit of Racer Sports Company had the following financial results last month (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 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 % Variance Subunit X Sales Variable Expenses Contribution Margin Traceable Fixed Expenses Divisional Segment Margin Results Budget Variance (F or U) (F or U) $ 474,000 $ 452,000 253,000 $ 214,000 $199,000 27,000 $ 173,000 $ 172,000 % (6) % | (7) % | (8) % | (9) % |(10) 260,000 (2) U (3) F 4) (5) F 41,000

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Requirement-1 Flexible Budget Variance Actual Results Flexible Budget Variance Nature % of variance Sales 474000 452000 22000 F 4.87% Variable Expense 260000 253000 7000 U 2.77% Contribution Margin 214000 199000 15000 F 7.54% Traceable Fixed Expense 41000 27000 14000 U 51.85% Divisional Segment Margin 173000 172000 1000 F 0.58% Requirement-2 Bot Revenue and Cost Data (11) Profit Center (12) Requirement-3 Traceable Fixed Expense (13) Requirement-4 Favorable as well as unfavorable variance (17) May be due to bookeeping or budgeting errors (18) Requirement-5 are not (19) Sales Volume Variance, not the flexible budget variance (20) Something other than volume (21) Requirement-6 not place as much weight on the cost of sales variance (22) because it does not exceed 8% (23) Requirement-7 Financial (24) Financial (25) lag (26) measure the result of past decision (27) Requirement-8 (28) (29) Customer Perspective Customer satisfaction rating Internal Business Perspective number of new product developed Learning perspective hours spent training employee

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