One subunit of Speed Sports Company had the following financial results last month: (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 whether the variance is favorable [F] or unfavorable (U). For any zero variances, enter a O in the variance column and then leave the For U box bl Flexible Budget Variance (For U) i Data Table Speed - Subunit X Direct Materials Direct Labor Indirect Labor Utilities Actual Flexible Results Budget $ 28,200 $ 26,200 13,600 14,100 26,600 23,600 12,400 11,300 25,000 25,000 5,100 5,800 $ 110,900 $ 106,000 Actual Results Depreciation Repairs and Maintenance Speed-Subunit X Direct Materials Direct Labor Indirect Labor Utilities Depreciation Total 28,200 13,600 26,600 12,400 25,000 5,100 110,900 $ Repairs and Maintenance Total $ Prir Choose from any list or enter any number in the input fields and then click Check Answer Flexible Budget Variance (F or U) % Variance (For U) Speed-Subunit x Direct Materials Direct Labor Indirect Labor Utilities Depreciation Actual Results Flexible Budget $ 28,200 $ 26,200 13,600 14,100 26,600 23,600 12,400 11,300 25,000 25,000 5,100 5,800 $ 110,900 $ 106,000 Repairs and Maintenance Total nit. 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 mces, enter a 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%) 0 Requirements Ann 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 criteriais to investigate all variances exceeding $2.500 or 10%? 4. Should only unfavorable variances be investigated? Explain. Print Done