One subunit of Soaring 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. 4. Which items should be investigated if part of the management's decision criteria is to investigate all variances exceeding $3,000 or 12%? 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 Budgeted Variance (U or F) Data table Direct materials Direct labor $ 12,930 $ 12,000 13,265 14,000 B C D E Indirect labor Utilities 23,380 20,000 1 Soaring Sports Manufacturing Company-Surfing Apparel Subunit 16.455 15,000 2 Monthly Performance Report Depreciation 30,250 30.250 3 For the Month Repairs and maintenance 4,205 5,000 Variance $ 100,485 $ 96,250 4 Actual Budgeted Variance Percentage* Total 5 Direct materials $ 12,930 $ 12,000 6 Direct labor 13,265 14,000 7 Indirect labor 23,380 20,000 11 Total 8 Utilities 9 Depreciation 10 Repairs and maintenance *Be sure to indicate whether each variance is favorable (F) or unfavorable (U). 16,455 15,000 30,250 30,250 4,205 5,000 $ 100,485 $ 96,250 Print Done