One subunit of Winter Sports Manufacturing Company had the following financial results last month: E: (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 $3,000 or 11%? 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 "0". A variance of zero is considered favorable.) Variance (U or F) Variance Percentage (U or F) % 0/F Product Actual Budgeted Direct materials $ U/F Direct labor Indirect labor 21,500 $ 14,250 29,250 10,950 25,000 4,200 105,150 $ Utilities 20,000 15,000 25,000 10,000 25,000 5,000 100,000 SIIIII Depreciation Repairs and maintenance $ Total Requirement 2. Based on the data presented, what type of responsibility center is the subunit? This subunit is a(n) Cost Center/Investment Center/Profit Center/Revenue Center Requirement 3. Which items should be investigated if part of management's decision criteria is to investigate all variances exceeding $3,000 or 11%? (If a box is not used in the table, leave the box empty, do not select a label.) Deprication/Direct Labor/Direct Materials/Indirect Labor/Repairs & Maintenance/Utilities Requirement 4. Should only unfavorable variances be investigated? Explain. V, favorable variances Yes/No Never need to be investigated/Should be investigated i Data Table Winter Sports Manufacturing Company-Golf Accessories Subunit Monthly Performance Report For the Month Variance Percentage* Product Variance* Direct materials Direct labor Indirect labor Actual Budgeted 21,500 $ 20,000 14,250 15,000 25,000 10,950 10,000 25,000 25,000 4,200 5,000 Utilities Depreciation 25,04 Repairs and maintenance $ 105,150 $ 100.000 Total *Be sure to indicate whether each variance is favorable (F) or unfavorable (U). Print Done