The Financial Results for One of the Subunits of Factory

question 150

Essay

The financial results for one of the subunits of Factory Six Racing is presented in the partially completed performance evaluation report below.

* Flexible budget variance/Flexible budget
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)?

---

Definitions:

Calculators

Electronic or mechanical devices designed to perform mathematical operations, ranging from basic calculations to complex computations.

Export

The act of sending goods or services from one country to another country for sale or trade.

Jamaica

An island country situated in the Caribbean Sea, known for its rich culture, music, and scenic beauty.

Trade Policy

A government's strategy regarding international trade, affecting how goods and services move across borders through tariffs, trade agreements, and regulations.