What are the % variances? Requirement 1. Complete the performance evaluation rep

Question

What are the % variances? Requirement 1. Complete the performance evaluation report for this subunit. Enter the variance percent as percentage of the budgeted amount rounded to two places. (Enter a variance for each account as a positive and select whether the variance is favorable [Fl or unfavorable [U]. For any zero variances, enter a 0 in the column and then leave the F or U box blank. Enter the variance percent as a percentage rounded to two de places, X.XX%.) Actual Flexible Flexible Budget % Variance Racer Subunit X Direct Materials Direct Labor Indirect Labor Utilities Depreciation Repairs and Maintenance Total Requirement 2. Based on the data presented, what type of responsibility center is this subunit? Results Budget Variance (F or U) (F or U) 19001 6001| F || 3300 U $ 29,100 $ 27.200 14,000 14,600| 26,20022,900 12,800 12,000 27,00027,000 5,900 |96LE 800 U 0% 4,800 1100 51139005109. 6004300% 9% U Choose from any list or enter any number in the input fields and then continue to the next question. Save for Later

Explanation / Answer

Variance % is calculated by = (flexible budget variance / flexible budget)*100

Computation of variance % Racer- Subunit X Actual Results Flexible Results Flexible budget variance (F or U) % Variance (F or U) A B C=B-A D=C/B Direct Materials $29,100 $27,200 1900 U 6.99% Direct Labor 14000 14600 600 F 4.11% Indirect Labor 26200 22900 3300 U 14.41% Utilities 12800 12000 800 U 6.67% Depreciation 27000 27000 0 - 0.00% Repairs and Maintenance 4800 5900 1100 F 18.64% Total $113,900 $109,600 4300 U 3.92%

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