One subunit of Racer 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 variance 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 [U]. For any zero variances, enter a 0 in 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%.) Racer - Subunit X Actual Results Flexible Budget Flexible Budget Variance (F or U) Direct Materials $ 28,700 $ 26,600 Data table Direct Labor 13,500 14,100 Indirect Labor 26,800 23,800 Utilities 12,500 11,600 Depreciation 26,000 26,000 Repairs and Maintenance 5,100 5,800 Direct Labor 112,600 $ 107,900 Total Requirements 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. Racer-Subunit X Actual Results Flexible Budget % Variance Flexible Budget Variance (F or U) (F or U) Direct Materials $ 28,700 $ 26,600 13,500 14,100 Indirect Labor - Utilities Depreciation 26,800 23,800 12,500 11,600 26,000 26,000 Repairs and Maintenance 5,100 5,800 $ 112,600 $ 107,900 Total Print Done