One subunit of Racer Sports Manufacturing Company had the following financial results last month: (Click the icon to view the financial results.) Requirements 1. Complete the performance evaluation report for this subunit. 2. Based on the data presented, what type of responsibility center is the subunit? 3. Which items should be investigated if part of the management's decision criteria is to investigate all variances exceeding $2,700 or 13%? 4. Should only unfavorable variances be investigated? Explain. Requirement 1. Complete the performance evaluation report for this subunit. (Enter the variances as positive numbers. Round the variance percentages to the nearest hundredth percent, XXX%. Label each variance as favorable (F) or unfavorable (U). If the variance is 0, make sure to enter in a "0". A variance of zero is considered favorable.) Product Actual Direct materials $ 26,925 $ Budgeted 25,000 Variance (U or F) Data table A B C D E Direct labor 14,235 15,000 1 Indirect labor 29,275 25,000 2 Racer Sports Manufacturing Company-Surfing Accessories Subunit Monthly Performance Report Utilities 13,170 12,000 3 For the Month Depreciation 15,500 15,500 Repairs and maintenance 6,315 7,500 4 Actual Budgeted Variance * Variance Percentage * $ 105,420 $ 100,000 5 Direct materials $ 26,925 $ 25,000 Total 6 Direct labor 14,235 15,000 7 Indirect labor 29,275 25,000 8 Utilities 13,170 12,000 9 Depreciation 15,500 15,500 10 Repairs and maintenance 6,315 7,500 11 Total $ 105,420 $ 100,000 *Be sure to indicate whether each variance is favorable (F) or unfavorable (U). Print Done (>