One subunit of Speed Sports Company had the following financial results last month: EEE (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, X.XX%.) Actual Results Flexible Budget Flexible Budget Variance (F or U) % Variance (F or U) Speed - Subunit X Direct Materials 28,300 $ 26,400 % Direct Labor 13,200 14,000 % Indirect Labor 27,000 23,500 % Utilities 12,900 12,100 % Depreciation 28,000 28,000 % 4,800 5,500 Repairs and Maintenance % $ 114,200 $ 109,500 Total % Requirement 2. Based on the data presented, what type of responsibility center is this subunit? What type of responsibility center is this unit? $ Requirement 3. Which items should be investigated if part of management's decision criteria is to investigate all variances exceeding $2,500 or 10% ? (If a box is not used in the table, leave the box empty.) Requirement 4. Should only unfavorable variances be investigated? Favorable variances be investigated to Speed-Subunit X Direct Materials Direct Labor Indirect Labor Utilities Depreciation Repairs and Maintenance. Total Actual Results S Flexible Budget 26,400 14,000 23,500 12,100 28,000 5,500 109,500 28,300 $ 13,200 27,000 12,900 28,000 4,800 S 114,200 $ Flexible Budget Variance (F or U) % Variance (F or U)