One subunit of Snow 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, XXX%) Actual Flexible Snow-Subunit X Results Budget Flexible Budget Variance (F or U) Direct Materials S 28,500 $ 26,700 Direct Labor 13,900 14.500 Indirect Labor 26,600 23,100 Utilities 12,000 11.200 Depreciation 29,000 29,000 Repairs and Maintenance 4,300 5,200 Total $ 114,300 $ 109,700 Data table Snow-Subunit X Actual Results Flexible Budget Flexible Budget Variance (F or U) Direct Materials $ 28,500 $ 26,700 Direct Labor 13.900 14,500 Indirect Labor 26.600 23,100 Utilities 12.000 11.200 Depreciation 29,000 29,000 4,300 Repairs and Maintenance 5.200 114,300 S 109,700 Total Requirements % Variance (For U) 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. X 4 X