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One subunit of Hazelton Sports Company has the following financial results last month:

Hazelton Water Sports Subunit Actual Budget Budget Variance (U or F) Variance %* (U or F)

Direct materials $16,140 $15,000
Direct labor 19,020 20,000
Indirect labor 29,300 25,000
Utilities 13,110 12,000
Depreciation 19,000 19,000
Repairs and maintenance 3,370 4,000
Total $99,940 $95,000

Requirements:

1. Complete the performance evaluation report for this subunit (round to four decimals).

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 $2,800 or 10.5%?

4. Should only unfavorable variances be investigated? describe.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M944953

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