One subunit of Racer Sports Manufacturing Company had the following financial results last month. (Click the icon to view the financaal results.) Requirements 1. Complete the perlormance 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 $3,000 or 125% ? 4. Should only unfavorable variances be investigated? Explain Requirement 1. Complete the performance evaluation report for this subunit (Enter the vanances 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) A B C Racer Sports Manufacturing Company-Fishing Accessories Subunit \begin{tabular}{|l|r|r|r|r|r|} \hline \multicolumn{5}{|c|}{ Monthly Performance Report } \\ \hline 3 & \multicolumn{3}{|r|}{ For the Month } & \\ \hline 4 & & Actual & Budgeted & Variance * & Variance Percentage \\ \hline 5 & Direct materials & $12,930 & $ & 12,000 & \\ \hline 6 & Direct labor & 13,265 & 14,000 & \\ \hline 7 & Indirect labor & 23,380 & 20,000 & \\ \hline 8 & Utilities & 16,455 & 15,000 & \\ \hline 9 & Depreciation & 30,250 & 30,250 & \\ \hline 10 & Repairs and maintenance & 4,205 & 5,000 & \\ \hline 11 & Total & $100,485 & $96,250 & \\ \hline \end{tabular} "Be sure to indicate whether each variance is favorable (F) or unfavorable (U)