One subunit of Speed Sports Company had the following financial results last month: 3 (Click the icon to view the financial results.) Read the requirements. 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 For U box blank. Enter the variance percent as a percentage rounded to two decimal places, X.XX%.) Requirements Flexible Budget Variance (F or U) % Variance (F or U) Speed - Subunit X Direct Materials Direct Labor Indirect Labor Actual Results $ 28,500 $ 13,400 26,600 12,500 29,000 4,200 $ 114,200 $ Flexible Budget 26,500 13,900 23,100 11,600 29,000 5,300 109,400 Utilities 1. Complete the performance evaluation report for this subunit. Enter the variance percent as a percentage of the budgeted amount rounded to two decimal places. 2. Based on the data presented, what type of responsibility center is this subunit? 3. Which items should be investigated if part of management's decision criteria is to investigate all variances exceeding $2,500 or 10%? 4. Should only unfavorable variances be investigated? Explain. Depreciation Repairs and Maintenance Total Print Done Choose from any list or enter any number in the input fields and then continue to the next question. 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 invest nt'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 emptv.) Cost center Investment center i Requirements Profit center Revenue center 1. Complete the performance evaluation report for this subunit. Enter the variance percent as a percentage of the budgeted amount rounded to two decimal places. 2. Based on the data presented, what type of responsibility center is this subunit" 3. Which items should be investigated if part of management's decision criteria is to investigate all variances exceeding $2,500 or 10%? 4. Should only unfavorable variances be investigated? Explain. Requirement 4. Should only unfavorable variances be investigated? V Choose from any list or enter any number in the input fields and then continue to the next question. Print Done 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 emptv.) i Requirements Depreciation Direct labor Direct materials Indirect labor Repairs and maintenance avorable variances be investigated? Utilities Choose from any list or enter any number in the input fields and then continue to the next question. 1. Complete the performance evaluation report for this subunit. Enter the variance percent as a percentage of the budgeted amount rounded to two decimal places. 2. Based on the data presented, what type of responsibility center is this subuni 3. Which items should be investigated if part of management's decision criteria to investigate all variances exceeding $2,500 or 10%? 4. Should only unfavorable variances be investigated? Explain. Print Dane 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.) 0 Requirements allocate the favorable variance to the other accounts. find a way to make them closer to the budget. make sure the variance does not happen again. Requirement 4. Should only unfavorable variancest make sure they will not have a negative impact on future operations. Favorable variances be investigated to 1. Complete the performance evaluation report for this subunit. Enter the variance percent as a percentage of the budgeted amount rounded to two decimal places. 2. Based on the data presented, what type of responsibility center is this subunit 3. Which items should be investigated if part of management's decision criteria is to investigate all variances exceeding $2,500 or 10%? 4. Should only unfavorable variances be investigated? Explain. Choose from any list or enter any number in the input fields and then continue to the next