One subunit of Event 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 conter is the subunit? 3. Which items should be investigated it part of the management's decision criteria is to investigato all variances exceeding $3,400 or 11%? 4. Should only unfavorable variances be investigated? Explain Requirement 1. Complete the performance evaluation report for this subunit. (Entor the variances as positive numbers. Round the varianco percentages to the nearest hundredth percent. XXX% Labol each variance as favorable (F) or unfavorable (U). If the variance is 0 msako suro lo entor in a "0" A variance of zero is considered favorable) Variance Variance Percentage Product Actual Budgeted (U or F) (U or F) Direct materials 16,095 $ 15.000 S 1,095 13% Direct labor 15,240 16,000 760 % F Indirect labor 29.200 25,000 4,200 U 56 U Utilities 16,395 15,000 1,395 U 9 U Depreciation 24,000 24,000 0 F 0.00% F Repairs and maintenance 6,285 7,500 F 96 $ 107,215 5 102,500 4,715 U U S U F 1.215 F Total % Data table m 2. * B D 1 Event Sports Manufacturing Company-Surfing Accessories Subunit 2 Monthly Performance Report 3 For the Month Variance 4 Actual Budgeted Variance Percentage 5 Direct materials $ 16,095 $ 15,000 6 Direct labor 15,240 16,000 7 Indirect labor 29,200 25,000 8 Utilities 16,395 15,000 9 Depreciation 24,000 24,000 10 Repairs and maintenance 6,285 7,500 11 Total $ 107,215 $ 102,500 *Be sure to indicate whether each variance is favorable (F) or unfavorable (U)