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 this subunit? 3. Which items should be investigated if part of management's decision criteria is to investigate all variances exceeding $2,900 or 13%? 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, X.XX%. 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 Variance Percentage (U or F) Product Actual Budgeted (U or F) $ Direct materials Direct labor Indirect labor 12.930 S 13,265 12,000 14,000 % % % 23,380 16,455 Utilities Depreciation % % % 20,000 15,000 30,250 5,000 96,250 30,250 4,205 Repairs and maintenance $ 100,485 S Total % Requirement 2. Based on the data presented, what type of responsibility center is this subunit? This subunit isan) Requirement 3. Which items should be investigated if part of management's decision criteria is to investigate all variances exceeding $2,900 or 13%? (If an input field is not used in the table, leave the input field emply; do not select a label.) Requirement 4. Should only unfavorable variances be investigated? Explain. V , favorable variances - Data table A B D E 1 Contest Sports Manufacturing CompanyWater Sports Subunit Monthly Performance Report 2 3 For the Month Variance Percentage 4 Actual Budgeted * Variance * 5 Direct materials $ 12,930 $ 12,000 6 Direct labor 13,265 14,000 7 Indirect labor 23,380 20,000 8 Utilities 16,455 15,000 9 Depreciation 30,250 30,250 10 Repairs and maintenance 4,205 5,000 11 Total $ 100,485 $ 96,250 *Be sure to indicate whether each variance is favorable (F) or unfavorable (U). Print Done