One subunit of Extreme Sports Company had the following financial results last month: (Click the icon to view the financial results.) Read the requirements Requirement 1. Complete the performance evaluation report for this subunit. Enter the varia O in the variance column and then leave the F or U box blank. Enter the variance percent as Actual Flexible Flexible Budget Variance (F or U) Extreme - Subunit X Results Da Direct Materials $ 28,900 $ 13,200 Budget 27,000 13,900 23,500 Direct Labor Indirect Labor E Utilities 26,600 12,600 28,000 4,200 Depreciation 11,500 28,000 4,900 D Repairs and Maintenance Total $ 113,500 $ 108,800 D for this subunit Enter the variance percent as a percentage of the budgeted amount rounded to two places for a variance for each account as a positioner, and select whether the incisione Enter the variance percent as a percentage rounded to two decimal place XXX) exibile Budget -X ance (For) Data table Extreme Subunit X Direct Materials Direct Labor Indirect Labor Utilities Depreciation Repairs and Maintenance Actual Flexible Budge Variance Results Flexible Budget Variance for U) For U) 5 28.900 27.000 13200 13.900 25.600 23.500 12.600 11 500 28.000 28 000 4.200 4.900 $ 113,500 $ 108,800 Total Print Done Requirements - X 1. Complete the performance evaluation report for this subunit. Enter the variance percent as a percentage of the budgeted amount rounded to two decimal places 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 $2,500 or 10%? 4. Should only unfavorable variances be investigated? Explain. Print Done