One subunit of Hazelton Sports Manufacturing Company had the following financial results last month: Part 1: Complete the performance evaluation report for this subunit. (Enter the variance as positive numbers. Round the variance percentages to the nearest hundredth percent, X.XX%. If the variance is 0, make sure to enter in a "0". Label each variance as favorable (F) or unfavorable (U) unless the variance is 0, then do not select a label.) Part 2: Based on the data presented, what kind of responsibility center is the subunit? This subunit is a(n): cost center investment center revenue center profit center Part 3: Which items should be investigated if part of management's decision criteria is to investigate all variances exceeding $3,000 or 11.5%? (Only complete the necessary answer boxes). The word options for each box are: Depreciation, direct labor, direct materials, indirect labor, repairs and maintenance, utilities Part 4: Should only unfavorable variances be investigated? Explain. (Yes, No), favorable variances (never need to be investigated because they increase net income, should be investigated to make sure the variance does not happen again, should be investigated to make sure they are not hurting the business in the long run.) Please label which part of the question you are answering in your solution so that I may follow along. Also, please refrain from only partially answering the question. Thank you!

Hazelton Sports Manufacturing Company Toning and Accessories Subunit Monthly Performance Report For the Month Variance Product Actual Budgeted VariancePercentage Direct materials Direct labor Indirect labor Utilities Depreciation Repairs and maintenance Total Be sure to indicate whether each variance is favorable (F) or unfavorable (U) $ 19,305 $ 18,000 16,250 30,000 11,250 36,400 5,600 $ 123,140 $ 117,500 15,405 35,010 12,330 36,400 4,690