One subunit of Speed Sports Manufacturing Company had the following financial results last month: EEB (Click the icon to view the financial results.) 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 management's decision criteria is to investigate all variances exceeding $2,600 or 10.5%? 4. Should only unfavorable variances be investigated? Explain. Requirement 1. Complete the performance evaluation report for this subunit. Enter the variances as positive numbers. Round the variance percentages to the nearest hundredth percent, X.XX%. Label each variance as favorable (F) or unfavorable (U). If the variance is 0, make sure to enter in a "O". A variance of zero is considered favorable.) Variance Variance Product Actual Budgeted (U or F) (U or F) Direct materials Direct labor Indirect labor Utilities Depreciation Repairs and maintenance Total $13,400 S 12,500 20,000 30,000 8,750 26,125 10,000 $111,670 S 107,375 18,940 35,220 9,555 26,125 8,430