This Question: 1 pt 2016(O complete) ? This Quiz: 6 pts pos: The accountant for

Question

This Question: 1 pt 2016(O complete) ? This Quiz: 6 pts pos: The accountant for a subunit of Xtreme Sports Company went EEB(Click the icon to view the responsibility report) Read the requirements on vacation before completing the subunit's monthly responsibility report This is as far as she got Requirement 1. Complete the responsibility report for this subunit. treme-Subunit X ActualFlexible Budget Flexible Sales Volume Results Static evenue by Product Downhill-RI Downhill-RI Cross-EX Cross-EXII Snow-LXI Total Requirement 2. Based on the data presented what type of responsibility center is this subunit? Variance Budget Variance Budget $ 320,000 S 17,000 F 297,000 153,000 306,000 271,500 ? 405,000 $ 1,432,500 159,000 289,000 259,000 168,000 290,000 256,000 1,000 U 15,500U 426,000 3,000 S 1,453,000 Requirement 3. Which items should be investigated if part of management's decision criteria is to investigate all variances exceeding $12,000? (Leave any unused cells blank ) Using the flexible budget variance as a guide, the following items will be investigated Choose from any list or enter any number in the input fields and then continue to the next question.

Explanation / Answer

Revenue by product Actual Flexible budget variance Flexible budget Sales volume variance Static budget Downhill RI 320000 6000 F 314000 17000 F 297000 Downhill RII 159000 9000 U 168000 15000 F 153000 Cross- EXI 289000 1000 U 290000 16000 U 306000 Cross- EXII 2,59,000 3,000 F 256000 15500 U 271500 Snow-LXI 426000 3000 F 423000 18000 F 405000 Total 1453000 2000 U 1451000 18500 U 1432500

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