Event Sports Manufacturing Company-Fishing Accessories Subunit Monthly Performance Report For the Month Variance Percentage Product Actual Budgeted Variance Direct materials $ 19,305 $ 18.000 Direct labor 15,405 16,250 Indirect labor 35,010 30,000 Utilities 12,330 11,250 Depreciation 36,400 36.400 Repairs and maintenance 4,690 5,600 Total 123,140 $ 117,500 "Be sure to indicate whether ooch variance is favorable (F) or unfavorable (U) Requirements 1. Complete the performance evaluation report for this subunit. 2. Based on the data presented, what type of responsibility center is the subunit? 3. Which items should be investigated if part of management's decision criteria is to investigate all variances ex- $2.500 or 11% 4. Should only unfavorable variances be investigated? Explain. Requirement 1. Complete the performance evaluation report for this subunit. (Enter the variances as positive num the variance percentages to the nearest hundredth percent, X.XX% Label each variance as favorable (F) or unfave the variance is 0, make sure to enter in a "0" A variance of zero is considered favorable.) Variance (U or F) Product Direct materials Direct labor Indirect labor Utilities Depreciation Repairs and maintenance Actual Budgeted 19,305 $ 18,000 15,405 16,250 35.010 30,000 12.330 11.250 36.400 36.400 4,690 5,600 123,140 S 117,500 $ Total