One subunit of Field Sports Company had the following financial results last month Click the icon to view the financial results.) Read the requirements to Requirement 1. Complete the performance evaluation report for the subunit. (Enter a variance for each account as a positive number and select whether the variance is favorable or unfavorable. Enter the varianco porcent as a percentago rounded to two decimal places, X.XX%) Actual Flexible Flexible Budget Subunit X Results Budget Variance (For U) Not Sales Revenue $ 477,000 $ 454,000 Variable Expenses 202,000 250,000 Contribution Margin $ 215,000 5 190,000 Traceable Fixed Expenses 37,000 20.000 169.000 Divisional Segment Margin $ 178,000 $ is Data table Subunit x Flexible Budget % Variance (F Variance (F or U) or U) Net Sales Revenue Actual Results Flexible Budget $ 477,000 $ 454,000 262,000 256,000 Variable Expenses Contribution Margin Traceable Fixed Expenses 215,000 37,000 178,000 $ 198,000 29,000 169,000 $ Divisional Segment Margin Print Done Requirements nd select 1. Complete the performance evaluation report for the subunit (round to two decimal places). 2. Based on the data presented and your knowledge of the company, 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 equal to or exceeding $5,000 and exceeding 10% (both criteria must be met)? 4. Should only unfavorable variances be investigated? Explain. 5. Is it possible that the variances are due to a higher-than-expected sales volume? Explain. 6. Will management place equal weight on each of the variances exceeding $5,000? Explain. 7. Which balanced Scorecard perspective is being addressed through this performance report? In your opinion, is this performance report a lead or a lag indicator? Explain. 8. List one key performance indicator for the three other balanced Scorecard perspectives. Make sure to indicate which perspective is being addressed by the indicators you list. Print Done