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 $3,400 or 12.5% ? 4. Should only unfavorable variances be investigated? Explain. Direct labor Indirect labor Utilities Depreciation Repairs and maintenance Total Data table 19.020 20,000 29,300 25,000 A B D E 13,110 12,000 1 19,000 19,000 2 Contest Sports Manufacturing Company-Camping and Hiking Subunit Monthly Performance Report 3,370 4,000 3 For the Month $ 99,940 $ 95,000 4 Actual Budgeted Variance* Variance Percentage* 5 Direct materials $ 16,140 $ 15,000 6 Direct labor 19,020 20,000 7 Indirect labor 29,300 25,000 Help me solve this Video Get more help Data table TOTT MOFFEE Actual Budgeted Variance* Variance Percentage Direct materials 16,140 $ 15,000 Direct labor 19,020 20,000 Indirect labor 29,300 25,000 Utilities 13,110 12,000 Depreciation 19,000 19,000 3,370 4,000 Repairs and maintenance 99.940 $ 95,000 Total Be sure to indicate whether each variance is favorable (F) or unfavorable (U)