One subunit of Soaring Sports Manufacturing Company had the following financial results last month: (Click the icon to view the financial results.) Data table 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 $3,000 or 12%? 4. Should only unfavorable variances be investigated? Explain. A B D E Requirement 1. Complete the performance evaluation report for this subunit. (Enter the variances as positive numbers. Round the variance unfavorable (U). If the variance is 0, make sure to enter in a "0". A variance of zero is considered favorable.) 1 Soaring Sports Manufacturing Company-Surfing Apparel Subunit 2 Monthly Performance Report 3 For the Month Variance 4 Actual Budgeted Variance * Percentage 5 Direct materials $ 21,500 $ 20,000 6 Direct labor 14,250 15,000 Variance Variance Percentage (U or F) Product (U or F) Actual Budgeted $ 21,500 $ 20,000 Direct materials % Direct labor 14,250 15,000 % Indirect labor 29,250 25,000 % 7 Indirect labor 29,250 25,000 8 Utilities 10,950 10,000 9 Depreciation 25,000 25,000 10 Repairs and maintenance 4,200 5,000 11 Total 105,150 $ 100,000 *Be sure to indicate whether each variance is favorable (F) or unfavorable (U). Utilities 10,950 10,000 % Depreciation % 25,000 4,200 25,000 5,000 Repairs and maintenance % $ Total 105,150 $ 100,000 % Requirement 2. Based on the data presented, what type of responsibility center is the subunit? This subunit is a(n) Requirement 3. Which items should be investigated if part of management's decision criteria is to investigate all variances exceeding $3,000 or 12%? (If an input field is not used in the table, leave the input field empty; do not select a label.) Requirement 4. Should only unfavorable variances be investigated? Explain. V, favorable variances