One subunit of Contest 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 $3,200 or 10.5%? 4. Should only unfavorable variances be investigated? Explain. Requirement Complete the performance evaluation report for this subunit. (Enter the variances as positive numbers. Round the variance percentages to the nearest hundredth percent, XXX%. 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 Product (U or F Direct materials Direct labor Indirect labor Actual Budgeted 16,095 $ 15,000 15, 240 16,000 29,200 25,000 16,395 15,000 24,000 24,000 6,285 7,500 $ 107 215 $ 102,500 Utilities Depreciation Repairs and maintenance Total A B D E 1 Contest Sports Manufacturing Company-Fishing Accessories Subunit Monthly Performance Report 2 3 For the Month Variance Percentage * 4 Actual Budgeted Variance * 5 Direct materials $ 16,095 $ 15,000 6 Direct labor 15,240 16,000 7 Indirect labor 29,200 25,000 8 Utilities 16,395 15,000 9 Depreciation 24,000 24,000 10 Repairs and maintenance 6,285 7,500 11 Total 107,215 $ 102,500 *Be sure to indicate whether each variance is favorable (F) or unfavorable (U)