One subunit of Racer Sports Company had the following financial results last mon

Question

One subunit of Racer Sports Company had the following financial results last month (Click the icon to view the financial results) Read the requirements. Racer Sports Company-Team Sports Subunit Monthly Performance Report For the Month Variance Product Actual Budgeted Variance Percentage [ ]]% ]% ]L ] $ 543,000 s 500,000 Sales Less: Variable expenses Contribution margin 310,500 300,000 $ 232 500 $ 200,000 78,450 75,000 Less: Direct fixed expenses $ 154,050 s 125,000 $ 106,050 87,500 Choose from any list or enter any number in the input fields and then continue to the next question. Segment margin Less: Common fixed expenses Operating income 48,000 37,5001

Explanation / Answer

Monthly Performance Report is as prepared below:

Racer Sports Company Monthly Performance Report For the Month Product Actual Budgeted Variance Variance Percentage Sales 543,000 500,000 43,000 F 8.6% Less: Variable expenses 310,500 300,000 10,500 U 3.5% Contribution Margin 232,500 200,000 32,500 F 16.3% less: Direct fixed expenses 78,450 75,000 3,450 U 4.6% Segment margin 154,050 125,000 29,050 F 23.2% less: Common fixed expenses 48,000 37,500 10,500 U 28.0% Opertaing Income 106,050 87,500 18,550 F 21.2%

Related Questions

Navigate

• Browse (All)
• Browse O
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.