E10-18A Complete and analyze a performance report One subunit of Hazelton Sports Company has the following financial results last month: Hazelton Water Sports Subunit Actual Budget Budget Variance (U or F) Variance %* (U or F) Direct materials $16,140 $15,000 Direct labor 19,020 20,000 Indirect labor 29,300 25,000 Utilities 13,110 12,000 Depreciation 19,000 19,000 Repairs and maintenance 3,370 4,000 Total $99,940 $95,000 Requirements 1. Complete the performance evaluation report for this subunit (round to four decimals). 2. Based on the data presented, what type of responsibility center is the subunit? 3. Which items should be investigated if part of the management's decision criteria is to investigate all variances exceeding $2,800 or 10.5%? 4. Should only unfavorable variances be investigated? Explain