A B E 1 2 3 N Speed Sports Manufacturing Company-Team Sports Subunit Monthly Performance Report For the Month Variance 4 Actual Budgeted Variance Percentage* 5 Sales $ 430,400 $ 400,000 6 Less: Variable expenses 286,000 275,000 7 Contribution margin $ 144,400 $ 125,000 8 Less: Direct fixed expenses 26,050 25,000 9 Segment margin $ 118,350 $ 100,000 10 Less: Common fixed expenses 61,000 50,000 11 Operating income $ 57,350 $ 50,000 *Be sure to indicate whether each variance is favorable (F) or unfavorable (U). Click the icon to view the financial results.) Read the requirements Requirement 1. Complete the performance evaluation report for this subunit (round to three decimal places), (Enter a variance for each account and select whether the variance is unfavorable (U) or favorable (F). Enter the results as positive numbers, Enter the varianco percents as a percentage to three decimal places *XXXXX%") Speed Sports Company-Team Sports Subunit Monthly Performance Report For the Month Variance Product Actual Budgeted Variance Percentage Sales $ 430.400 $ 400,000 286,000 275,000 Less: Variable expenses % Contribution margin $ 144.400 $ 125,000 % 26,050 25,000 % o Less: Direct foxed expenses Segment margin $ 118,350 $ 100,000 Loss Common foxed expenses 61,000 50,000 % 10 $ 57,350 $ Operating income 50,000 11 Requirement 2. Based on the data presented, what type of responsibility center is this subunit? This performance report includes both revenue and cost data, therefore this subunit must be profit center 11 Next