One subunit of Awesome Sports Company had the following financial results last month: (Click the icon to view the financial results.) Read the requirements Requirement 1. Complete the performance evaluation report for this subunit. Enter the variance percent as a percentage of the budgeted amount rounded to two places. (Enter a variance for each account as a positive number, and select whether the variance is favorable [F] or unfavorable [U]. For any zero variances, enter a 0 in the variance column and then leave the For U box blank. Enter the variance percent as a percentage rounded to two decimal places, X.XX%.) Actual Flexible Flexible Budget Awesome - Subunit X Results Budget Variance (F or U) Direct Materials $ 28,800 $ 26,700 Direct Labor 13,300 14,100 Indirect Labor 26,900 23,900 Utilities 12,100 11,100 Depreciation 26,000 26,000 Repairs and Maintenance 4,400 5,400 Total $ 111,500 $ 107,200 % Actual Variance Flexible Budget Variance (F or U) (F or U) Awesome Subunit X Direct Materials Direct Labor Indirect Labor Utilities Depreciation Repairs and Maintenance Results $ 28,800 $ 13,300 26,900 12,100 26,000 Flexible Budget 26,700 14,100 23,900 11,100 26,000 4,400 5,400 Total $ 111,500 $ 107,200 0 Requirements 1. Complete the performance evaluation report for this subunit. Enter the variance percent as a percentage of the budgeted amount rounded to two decimal places. 2. Based on the data presented, what type of responsibility center is this subunit? 3. Which items should be investigated if part of management's decision criteria is to investigate all variances exceeding $2,500 or 10%? 4. Should only unfavorable variances be investigated? Explain