One subunit of Winter Sports Manufacturing Company had the following financial results last month: (Click the icon to view the financial results.) 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 Product Actual Budgeted (U or F) Direct materials $ 12,930 $ 12,000 Direct labor 13,265 14,000 Indirect labor 23,380 20,000 Utilities 16,455 15,000 Depreciation 30,250 30,250 Repairs and maintenance 4,205 5,000 $ 100,485 $ 96,250 Total 1 2 3 A B C D Winter Sports Manufacturing Company-Running Apparel Subunit Monthly Performance Report For the Month E 4 5 Direct materials Actual Budgeted Variance * Variance Percentage * 12,930 $ 12,000 6 Direct labor 13,265 14,000 7 Indirect labor 23,380 20,000 8 Utilities 16,455 15,000 9 Depreciation 30,250 30,250 10 Repairs and maintenance 4,205 5,000 11 Total $ 100,485 $ 96,250 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 the management's decision criteria is to investigate all variances exceeding $2,900 or 11.5%? 4. Should only unfavorable variances be investigated? Explain