One subunit of Speed Sports Company had the following financial results last month (Click the loan to view the financial results.) Read the requirements. Requirement 1. Complete the performance evaluation report for the subunit. (Enter a variance for each account as a postive number and select whether the variance is favorable or unfavorable. Enter the variance percent as a percentage rounded to two decimal places, X.XXX%) % Variance Subunit X Actual Flexible Flexible Budget Results Budget Variance (For U) (For U) Net Sale Revenue Variable Expenses Contribution Margin Traceable Fixed Expenses $480,000 $458.000 250,000 264,000 $ 216,000 $ 206,000 39,000 $ 177,000 $ 31,000 175.000 Divisional Segment Margin % Data table Subunit X Requirement 2. Based on the data presented and your knowledge of the company, what type of responsibility center is this subunit? This performance report includes therefore, this subunit must be Requirement 3. Which items should be investigated if part of management's decision criteria is to investigate all variances equal to or exceeding $6,000 and exceeding 10% (both criteria must be met? Management should investigate the following: (If an input field is not used in the table, leave the input field empty.) Net Sales Revenue Variable Expenses Contribution Margin Traceable Fixed Expenses Divisional Segment Margin Requirement 4. Should only unfavorable variances be investigated? Explain. Managers should investigate Favorable expense variances Requirement 6. Is it possible that the variances are due to a higher-than-expected sales volume? Explain. The flexible budget variances due to sales volume differences between budget and actual. Diferences in sales volume are captured by the Requirement 6. Will management place equal weight on each of the variances exceeding $6,000? Explain. because Management will Requirement 7. Which balanced scorecard perspective is being addressed through this performance report? In your opinion, is this performance report a lead or a lag indicator? Explain. The performance report addresses the perspective of the balanced scorecard performance measures tend to be Indicators. They typically Requirement 8. List one key performance indicator for the three other balanced scorecard perspectives. Make sure to indicate which perspective is being addressed by the indicators you list. Complete the following table to identify one key performance indicator for the three other balanced scorecard perspectives. Balanced scorecard perspective Key performance indicator The flexible budget variance is due to $ Actual Results 480,000 $ 264,000 Flexible Budget 406,000 250,000 216,000 39.000 200,000 31,000 $ 177,000 $ 175,000 Print Done Flexible Budget % Variance (F Variance (For U) or U)