- Data table A B D E 1 Winter Sports Manufacturing Company-Team Sports Subunit Monthly Performance Report 2 3 For the Month Variance Percentage* 4 Actual Budgeted Variance* 5 Sales $ 486,000 $ 450,000 6 Less: Variable expenses 260,000 250,000 7 Contribution margin $ 226,000 $ 200,000 52,000 50,000 8 Less: Direct fixed expenses 9 Segment margin $ 174,000 $ 150,000 10 Less: Common fixed expenses 35,000 25,000 11 Operating income $ 139,000 $ 125,000 *Be sure to indicate whether each variance is favorable (F) or unfavorable (U). Print Done 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 variance percents as a percentage to three decimal places, "XX.XXX%".) Winter Sports Company-Team Sports Subunit Monthly Performance Report For the Month Variance Product Actual Variance Percentage Sales $ 486,000 260,000 Budgeted $ 450,000 250,000 % Less: Variable expenses % Contribution margin $ % $ 226,000 52,000 200,000 50,000 Less: Direct fixed expenses % Segment margin $ % 174,000 35,000 150,000 25,000 Less: Common fixed expenses % $ 139,000 $ 125,000 Operating income % Requirement 2. Based on the data presented, what type of responsibility center is this subunit? This performance report includes therefore this subunit must be Requirement 3. Which items should be investigated if part of management's decision criteria is to investigate all variances equal to or exceeding $10,000 and exceeding 14% (both criteria must be met)? (If an input field is not used in the table, leave the input field empty; do not select a label.) Requirement 4. Should only unfavorable variances be investigated? Explain. Favorable variances Management needs to evaluate to determine Managers should investigate the root cause of the variance