i Data Table Racer Sports Manufacturing Company-Toning and Accessories Subunit Monthly Performance Report For the Month Variance Percentage * Product Actual Budgeted Variance* Direct materials $ Direct labor Indirect labor 16,140 $ 19,020 29,300 13,110 19,000 3,370 15,000 20,000 25,000 12,000 19,000 4,000 Utilities Depreciation Repairs and maintenance $ 99,940 $ 95,000 Total *Be sure to indicate whether each variance is favorable (F) or unfavorable (U). Print Done One subunit of Racer Sports Manufacturing Company had the following financial results last month: (Click the icon to view the financial results.) 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 exceeding $2,500 or 10.5%? 4. Should only unfavorable variances be investigated? Explain. Requirement 1. Complete the performance evaluation report for this subunit. (Enter the variances as positive numbers. Round the variance percentages to the nearest hundredth percent, X.XX%. Label each variance as favorable (F) or unfavorable (U). If 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 Actual Budgeted $ 16,140 $ 15,000 19,020 20,000 29,300 25,000 13,110 12,000 19,000 19,000 3,370 4,000 Utilities Depreciation Repairs and maintenance $ 99,940 $ 95,000 Total