One subunit of Soaring Sports Manufacturing Company had the following financial results last month: EEB (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 management's decision criteria is to investigate all variances exceeding $3,400 or 10.5%? 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, X.XX%. Label each variance as favorable (F) or unfavorable (U). If the variance is 0, make sure to enter in a "O". A variance of zero is considered favorable.) Variance Product (U or F) Actual Budgeted $ 21,480 $20,000 17,500 24,000 10,000 21,800 5,000 Direct materials Direct labor Indirect labor Utilities Depreciation Repairs and maintenance 16,660 28,140 10,940 21,800 4,195