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 the subunit. (Enter a variance for each account as a positive number and select whether the variance is favorable or unfavorable. Enter the variance percent as a percentage rounded to two decimal places, X.XX%.) Flexible Budget Subunit X Actual Results Flexible Requirements Budget Variance (F or U) Net Sales Revenue Variable Expenses Contribution Margin $ 476,000 $ 261,000 451,000 251,000 $ 215,000 $ 200,000 40,000 26,000 Traceable Fixed Expenses 175,000 $ 174,000 Divisional Segment Margin Data table Subunit X Actual Results Flexible Budget Flexible Budget % Variance (F Variance (F or U) or U) Net Sales Revenue $ 476,000 $ 451,000 261,000 251,000 Variable Expenses Contribution Margin 215,000 200,000 40,000 26,000 Traceable Fixed Expenses $ 175,000 $ 174,000 Divisional Segment Margin 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 $8,000 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 $8,000? 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.