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 $2,700 or 12%? 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.) Data table Product Actual Budgeted Variance (U or F) Direct materials $ 13,400 S 12,500 B D E Direct labor 18,940 20,000 1 Indirect labor 35,220 30,000 2 Contest Sports Manufacturing Company-Fishing Accessories Subunit Monthly Performance Report Utilities 9,555 8,750 3 For the Month Depreciation 26,125 26,125 4 Actual Budgeted Variance* Variance Percentage * Repairs and maintenance 8,430 10,000 5 Direct materials $ 13,400 $ 12,500 $ 111,670 S 107,375 Total 6 Direct labor 18,940 20,000 7 Indirect labor 35,220 30,000 8 Utilities 9 Depreciation 9,555 8,750 26,125 26,125 10 Repairs and maintenance 8,430 10,000 Help me solve this Video Get more help 11 Total $ 111,670 $ 107,375 answer *Be sure to indicate whether each variance is favorable (F) or unfavorable (U).