The accountant for a subunit of Gutierrez Sports Company went on vacation before completing the subunit's monthly
Question:
Requirements
1. Complete the performance evaluation report for this subunit.
2. Based on the data presented, what type of responsibility center is this subunit?
3. Which items should be investigated if part of the management's decision criteria is to investigate all variances exceeding $17,000? Interpret your results. (What could cause these variances? What impact might these variances have on company inventory levels and operations?)
Transcribed Image Text:
Flexible Budget Variance Gutierrez Sports-Subunit X Revenue by Product Downhill Model RI Downhill Model RII.. Cross-Country Model EXI Cross-Country Model EXI Snowboard Model LX423,000 Total Flexible Budget Volume Variance Master Budget Actual S 321,000 $17,000 F 298,000 150,000 307,000 248,000 19,500 U 267,500 398,000 $1,420,500 158,000 289,000 $1,000 U 254,000 $168,000 290,000 7,000 F
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