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)?
Definitions:
Wildlife
Undomesticated animals living in natural habitats, including forests, deserts, grasslands, and bodies of water.
Coastal Degradation
The deterioration of coastal areas due to human activities or natural processes, leading to loss of ecosystems and habitats.
Mangrove Swamps
Coastal wetlands found in tropical regions, characterized by salt-tolerant trees and shrubs adapted to life in salty environments.
Coral Reefs
Diverse underwater ecosystems held together by calcium carbonate structures secreted by corals, often referred to as the rainforests of the sea.
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