Please answer the following requirements 1-8. Each question has to do with data provided in the first photo. I provided the dropdown options for all requirements, the ones with only one dropdown for a question means all the options are the same and to select from those listed. Thank you.

Data table This performance report includes ; therefore, this subunit must be Requirement 3. Which items should be investigated if part of management's decision criteria is to inve variances eaual to or exceedina $5.000 and exceedina 10% (both criteria must be metl? One subunit of Racing 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 as a positive number and select whether the variance is favorable or unfavorable. Enter the variance percent as a percentage rounded to two decimal places, X.XX\%.) Requirement 2. Based on the data presented and your knowledge of the company, what type of responsibility center is this subunit? This performance report includes ; therefore, this subunit must be Requirement 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)? Management should investigate the following: (If an input field is not used in the table, leave the input field empty.) Requirement 4. Should only unfavorable variances be investigated? Explain. Managers should investigate . Favorable expense variances Requirement 5. Is it possible that the variances are due to a higher-than-expected sales volume? Explain. The flexible budget variances due to sales volume differences between budget and actual. Differences in sales volume are captured by the The flexible budget variance is due to Requirement 7. Which balanced scorecard perspective is being addressed through this performance report? In your opinion, is this performance report a lead or a lag indicator? Explain. The performance report addresses the perspective of the balanced scorecard. performance measures tend to be indicators. They typically Requirement 8. List one key performance indicator for the three other balanced scorecard perspectives. Make sure to indicate which perspective is being addressed by the indicators you list. Complete the following table to identify one key performance indicator for the three other balanced scorecard perspectives. Requirement 2. Based on the data presented and your knowledge of the company, what type of responsibility this subunit? This performance report includes ; therefore, this subunit must be Requirement 3. Which items shot nt's decision criteria is to investigate al variances equal to or exceeding $ must be met)? Management should investigate tr both revenue and cost data in the table, leave the input field empty only cost data only revenue data Requirement 2. Based on the data presented and your knowledge of the company, what type of responsibility center is this subunit? This performance report includes ; therefore, this subunit must be Requirement 3 . Which items should be investigated if part of management's decision variances equal to or exceeding $5,000 and exceeding 10% (both criteria must be me Management should investigate the following: (If an input field is not used in the table, a cost center. an investment center. a profit center. a revenue center. Requirement 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)? Management should investigate the following: (If an input field is not used in the table, leave the input field empty.) variances be investigated? Explain. Favorable expense variances riances are due to a higher-than-expected sales volume? Explain. Requirement 4. Should only unfavorable variances be investigated? Explain. Managers should investigate Favorable expense variances Requirement 5. Is it possible ales volume? Explain. favorable as well as unfavorable variances The flexible budget variances dget and actual. Differences volume are captured by the only favorable variances The flexible budget variar due to only unfavorable variances Requirement 6 . Will manager. Jeding $5,000 ? Explain. Requirement 4. Should only unfavorable variances be investigated? Explain. Managers should investigate Favorable expense variances ed sales volume? Explain. 7 budget and actual. Differe indicate that the budget was prepared correctly The flexible budget v may indicate costs are being cut that might impact future operations result in greater profits to the company Exceeding $5,000 ? Explain. Requirement 5. Is it possible that the variances are due to a higher-than-expected sales volume? Explain. The flexible budget variances due to sales volume differences between budget and actual. Differences in s rolume are captured by the The flexible budget variance is Requirement 5. Is it possible that the variances are due to a higher-than-expected sales volume? Explain. The flexible budget variances due to sales volume differences between budget and actual. Differences in sale volume are captured by the The flexible budget variance is due to Requir he variances exceeding $5,000 ? Explain. Managi because actual prices and costs varying from standards. Requir sales volume variances Idressed through this performance report? In your opinion, to 4 pormuarso ropurt a rau vi a ray muivatur t eAprain. The performance report addresses the perspective of the balanced scorecard. Damulimamande Innu Requirement 6. Will management place equal weight on each of the variances exceeding $5,000 ? Explain. Management recause Igh this performance report? all variances have a signficant impact on the company's bottom line. balanced scorecard. they will consider the percentage change also. y typically variable expenses are more important than any of the other items. Requirement 7. Which balanced scorecard perspective is being addressed through this performance report? In your opinion, is this performance report a lead or a lag indicator? Explain. The performance report addresses the perspective of the balanced scorecard. y typically scorecard perspectives. Make sure to Ie other balanced scorecard Requirement 7 . Which balanced scorecard perspective is being addressed through this performance rep opinion, is this performance report a lead or a lag indicator? Explain. The performance report addresses the perspective of the balanced scorecard. performance tmeasures tend to be indicators. They typically formance indicator for the three other balanced scorecard perspectives. Customer ig addressed by the indicators you list. equirement 7 . Which balanced scorecard perspective is being addressed through this performance rep pinion, is this performance report a lead or a lag indicator? Explain. The performance report addresses the perspective of the balanced scorecard. performance measures tend to be indicators. They typically Requirement 8. List one key performance indicator for the nced scorecard perspectives. indicate which perspective is being addressed by the indici Complete the following table to identify one key performan ie three other balanced scorece perspectives. Requirement 7 . Which balanced scorecard perspective is being addressed through this perform opinion, is this performance report a lead or a lag indicator? Explain. The performance report addresses the perspective of the balanced scorec performance measures tend to be indicators. They typically ir for the three other balanced scorecard perspe he indicators you list. rformance indicator for the three other balanced tor for the three other balanced scorecard pei the indicators you list. erformance indicator for the three other balan Requirement 8 . List one key perform indicate which perspective is being a Complete the following table to ident perspectives. Data table This performance report includes ; therefore, this subunit must be Requirement 3. Which items should be investigated if part of management's decision criteria is to inve variances eaual to or exceedina $5.000 and exceedina 10% (both criteria must be metl? One subunit of Racing 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 as a positive number and select whether the variance is favorable or unfavorable. Enter the variance percent as a percentage rounded to two decimal places, X.XX\%.) Requirement 2. Based on the data presented and your knowledge of the company, what type of responsibility center is this subunit? This performance report includes ; therefore, this subunit must be Requirement 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)? Management should investigate the following: (If an input field is not used in the table, leave the input field empty.) Requirement 4. Should only unfavorable variances be investigated? Explain. Managers should investigate . Favorable expense variances Requirement 5. Is it possible that the variances are due to a higher-than-expected sales volume? Explain. The flexible budget variances due to sales volume differences between budget and actual. Differences in sales volume are captured by the The flexible budget variance is due to Requirement 7. Which balanced scorecard perspective is being addressed through this performance report? In your opinion, is this performance report a lead or a lag indicator? Explain. The performance report addresses the perspective of the balanced scorecard. performance measures tend to be indicators. They typically Requirement 8. List one key performance indicator for the three other balanced scorecard perspectives. Make sure to indicate which perspective is being addressed by the indicators you list. Complete the following table to identify one key performance indicator for the three other balanced scorecard perspectives. Requirement 2. Based on the data presented and your knowledge of the company, what type of responsibility this subunit? This performance report includes ; therefore, this subunit must be Requirement 3. Which items shot nt's decision criteria is to investigate al variances equal to or exceeding $ must be met)? Management should investigate tr both revenue and cost data in the table, leave the input field empty only cost data only revenue data Requirement 2. Based on the data presented and your knowledge of the company, what type of responsibility center is this subunit? This performance report includes ; therefore, this subunit must be Requirement 3 . Which items should be investigated if part of management's decision variances equal to or exceeding $5,000 and exceeding 10% (both criteria must be me Management should investigate the following: (If an input field is not used in the table, a cost center. an investment center. a profit center. a revenue center. Requirement 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)? Management should investigate the following: (If an input field is not used in the table, leave the input field empty.) variances be investigated? Explain. Favorable expense variances riances are due to a higher-than-expected sales volume? Explain. Requirement 4. Should only unfavorable variances be investigated? Explain. Managers should investigate Favorable expense variances Requirement 5. Is it possible ales volume? Explain. favorable as well as unfavorable variances The flexible budget variances dget and actual. Differences volume are captured by the only favorable variances The flexible budget variar due to only unfavorable variances Requirement 6 . Will manager. Jeding $5,000 ? Explain. Requirement 4. Should only unfavorable variances be investigated? Explain. Managers should investigate Favorable expense variances ed sales volume? Explain. 7 budget and actual. Differe indicate that the budget was prepared correctly The flexible budget v may indicate costs are being cut that might impact future operations result in greater profits to the company Exceeding $5,000 ? Explain. Requirement 5. Is it possible that the variances are due to a higher-than-expected sales volume? Explain. The flexible budget variances due to sales volume differences between budget and actual. Differences in s rolume are captured by the The flexible budget variance is Requirement 5. Is it possible that the variances are due to a higher-than-expected sales volume? Explain. The flexible budget variances due to sales volume differences between budget and actual. Differences in sale volume are captured by the The flexible budget variance is due to Requir he variances exceeding $5,000 ? Explain. Managi because actual prices and costs varying from standards. Requir sales volume variances Idressed through this performance report? In your opinion, to 4 pormuarso ropurt a rau vi a ray muivatur t eAprain. The performance report addresses the perspective of the balanced scorecard. Damulimamande Innu Requirement 6. Will management place equal weight on each of the variances exceeding $5,000 ? Explain. Management recause Igh this performance report? all variances have a signficant impact on the company's bottom line. balanced scorecard. they will consider the percentage change also. y typically variable expenses are more important than any of the other items. Requirement 7. Which balanced scorecard perspective is being addressed through this performance report? In your opinion, is this performance report a lead or a lag indicator? Explain. The performance report addresses the perspective of the balanced scorecard. y typically scorecard perspectives. Make sure to Ie other balanced scorecard Requirement 7 . Which balanced scorecard perspective is being addressed through this performance rep opinion, is this performance report a lead or a lag indicator? Explain. The performance report addresses the perspective of the balanced scorecard. performance tmeasures tend to be indicators. They typically formance indicator for the three other balanced scorecard perspectives. Customer ig addressed by the indicators you list. equirement 7 . Which balanced scorecard perspective is being addressed through this performance rep pinion, is this performance report a lead or a lag indicator? Explain. The performance report addresses the perspective of the balanced scorecard. performance measures tend to be indicators. They typically Requirement 8. List one key performance indicator for the nced scorecard perspectives. indicate which perspective is being addressed by the indici Complete the following table to identify one key performan ie three other balanced scorece perspectives. Requirement 7 . Which balanced scorecard perspective is being addressed through this perform opinion, is this performance report a lead or a lag indicator? Explain. The performance report addresses the perspective of the balanced scorec performance measures tend to be indicators. They typically ir for the three other balanced scorecard perspe he indicators you list. rformance indicator for the three other balanced tor for the three other balanced scorecard pei the indicators you list. erformance indicator for the three other balan Requirement 8 . List one key perform indicate which perspective is being a Complete the following table to ident perspectives