Data table One subunit of Contest Sports Company had the following financial results last month: 'Click the icon to view the financial results.j Read the positive numbers. Enter the variance percents as a percentage to three decimal places, "XX.XXXX,".") Contest Sports Company-Team Sports Subunit Monthlv Performance Reoort Requirement 2. Based on the data presented, what type of responsibility center is this subunit? This performance report includes therefore this subunit must be table, leave the input field empty; do not select a label.) Requirement 4. Should only unfavorable variances be investigated? Explain. Managers should investigate Favorable variances Management needs to evaluate determine the raot cause of the variance. Requirement 5 . Is it possible that the variances are due to a higher-then-expected asles volume? Explein. The flexible budget variances due to sales volume differences between bucget and actual. Differences in sales volume are captured by the The flexible budget variance is due to Requirement 6. Do you think management will place equal weight on each of the $9,500 variances? Explain. Management will Additionally, they may not place much weight on beceuse Requirement 7 . Which balanced scorecard perspective is being addressed through this performance report? In your opinion, is this performence report a lead or lag indicator? Explain. The perfomance report addresses the perspective of the balanced acorecard. performance measures tend to be indicators. They typically Complete the following table to identify one key performance indicator for the three other balanced scorecard perspectives. Are they lead or lag indicators? Explain. Each of these performance measures is a indicator which tend to The performance indicators listed above are often better at