One subunit of Bacall Sports Manufacturing Company had the following financial results last month: Requirement 1. Complete the performance evaluation report for this subunit. Enter the variances as positive numbers. Label each variance as favorable (F) or unfavorable (U). If the variance is zero, enter "0". A variance or zero is considered favorable. Round the variance percentages to the nearest hundredth percent X.XX%. Enter variance percentages as positive. Bacall Sports Manufacturing Company--Water Sports Subunit Monthly Performance Report For the Month Variance (enter as Actual Budgeted positive numbers) Direct materials $ 16,095 $ 15,000 Direct labor 15,240 16,000 Indirect labor 29,200 25,000 Utilities 16,395 15,000 Depreciation 24,000 24,000 Repairs and maintenance 6,285 7,500 Total $ 107,215 $ 102,500 Favorable (F) or Unfavorable (U) Variance Variance Percentage (X.XX%) (enter all as positive %) Requirement 2. Based on the data presented, what type of responsibility center is the subunit? Requirement 3. Which of the items should be investigated if part of management's decision criteria is to investigate all variances exceeding $2,500 or 12.5%? Investigate? Direct materials Direct labor Indirect labor Utilities Depreciation Repairs and maintenance Requirement 4. Should only unfavorable variances be investigated? Explain