One subunit of All Season 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 the management's decision criteria is to investigate all variances exceeding $2,700 or 11.5%? 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.) Data table Variance Product (U or F) Direct materials Direct labor Indirect labor Actual Budgeted $ 21,500 $ 20,000 14,250 15,000 29,250 25,000 10,950 10,000 25,000 25,000 4.200 5.000 Utilities Depreciation Repairs and maintenance A B D E 1 All Season Sports Manufacturing Company-Golf Accessories Subunit 2 Monthly Performance Report 3 For the Month Variance 4 Actual Budgeted Variance* Percentage 5 Direct materials 5 $ 21.500 $ 20.000 6 Direct labor 14.250 15,000 7 Indirect labor 29,250 25,000 * $ 105,150 $ 100,000 Total 8 Utilities 10.950 10,000 9 Depreciation 25,000 25,000 10 Repairs and maintenance 4,200 5,000 11 Total $ 105,150 $ 100,000 *Be sure to indicate whether each variance is favorable (F) or unfavorable (U)