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 $2,900 or 12.5%? 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 Direct materials 13,400 $ 12,500 Direct labor 18,940 20,000 Indirect labor 35,220 30,000 Utilities 9,555 8,750 Depreciation 26,125 26,125 Repairs and maintenance 8,430 10,000 Total 111,670 $ 107,375 Variance (U or F)