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The Financial Results for One of the Subunits of Factory

Question 133

Essay

The financial results for one of the subunits of Factory Six Racing is presented in the partially completed performance evaluation report below.
The financial results for one of the subunits of Factory Six Racing is presented in the partially completed performance evaluation report below. Required: 1. Complete the performance report rounding to three decimal places. 2. Based on the data presented, what type of responsibility centre is this subunit? 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)?
Required:
1. Complete the performance report rounding to three decimal places.
2. Based on the data presented, what type of responsibility centre is this subunit?
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)?

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