One subunit of Racer Sports Company had the following financial results last month: El (Click the icon to view the financial resuits) Read the requirements Requirement 1. Complete the performance evaluation report for this subunit Enter the varianoe percent as a percentage of the budgeted amount rounded to two places. Enter a variance for each account as a positive number, and select whether the variance is favorable F] or unfavorable . For any zero variances, enter a 0 n the variance column and then leave the F or U box blank. Enter the variance percent as a percentage rounded to two decimal places. X.XX%.) Actual Flexible Flexible Budget Results Budget Variance (For U) Racer Subunit X Direct Materials Direct Labor Indirect Labor Uilities S 28,900 3 26,900 14,100 23,700 11,500 27,000 27,000 13.400 14100 26,800 12.400 Repairs and Maintenance S 112,500 S 108,400 Total Data Table Actual Flexible Budget Variance (F or U % Variance Racer- Subunit X Direct Materials Direct Labor Indirect Labor Ublities Results Flexible Budget 26,900 14,100 23,700 11.500 27,000 5200 S 28,900 S 13,400 28.800 12400 27,000 4,000 Repairs and Maintenanoe S 112500 S Total Print Done 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 varances be investigated? Explain. Print Done