One subunit of Contest Sports Manufacturing Company had the following financial results last month: (Click the loon 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 $3,100 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, 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.) Product Actual Budgeted Variance (U or F) Direct materials Direct labor $ 26,925 $ 14.235 25,000 15.000 ew Data table Mar Finar B C E eva d, v stig ian 1 2 3 Contest Sports Manufacturing Company-Toning and Accessories Subunit Monthly Performance Report For the Month 4 Actual Budgeted Variance" Variance Percentage 5 Direct materials $ 26,925 $ 25,000 6 Direct labor 14,235 15,000 erf fav 7 Indirect labor 29,275 25,000 8 Utilities 13,170 12,000 9 Depreciation 15,500 15,500 10 Repairs and maintenance 6,315 7,500 - X Save nearest hundredth percent, Man mar va , v tig an 2 3 4 5 Direct materials 6 Direct labor 7 Indirect labor 8 Utilities 9 Depreciation 10 Repairs and maintenance Monthly Performance Report For the Month Actual Budgeted Variance* Variance Percentage* $ 26,925 $ 25,000 14.235 15,000 29,275 25,000 13,170 12,000 15,500 15,500 6,315 7,500 11 Total $ 105,420 $ 100,000 *Be sure to indicate whether each variance is favorable (F) or unfavorable (U). nearest hundredth One subunit of Contest 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. 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 "O" A variance of zero is considered favorable.) Variance Product Direct materials Actual $ 26,925 $ Budgeted (U or F) 25.000 Direct labor 14.235 15,000 Indirect labor 29,275 25,000 Utilities 13.170 12.000 Depreciation 15,500 15,500 Repairs and maintenance 6.315 7,500 $ 105,420 $ 100,000 Total Clear all Check