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 Product (U or F) Actual Budgeted $ 12.930 $ 12,000 Direct materials Direct labor 13,265 14,000 Indirect labor 23,380 20,000 Utilities 16,455 15,000 Depreciation 30,250 4,205 30,250 5,000 Repairs and maintenance Choose from any list or enter any number in the input fields and then click Check Answer. ? 0 Data Table - X B C D N 3 4 A E 1 Contest Sports Manufacturing Company-Water Sports Subunit Monthly Performance Report For the Month Variance Actual Budgeted Variance Percentage * 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