One subunit of Xtreme 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 rounded to two places. (Enter a variance for each account as a positive number, and select whether the variance is favorable [F] or unfavorable UJ. 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%.) Actual Flexible Flexible Budget Xtreme - Subunit X Results Budget Variance (For U) Direct Materials $ 28,500 5 26,400 Direct Labor 13,400 14,200 Indirect Labor 27,000 24,000 Utilities 12,700 11,800 Depreciation 27,000 27,000 Repairs and Maintenance 4,300 Total 108,500 $ 112,900 $ 5,100 Requirements 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. XtremeSubunit X Direct Materials Direct Labor Indirect Labor Utilities Depreciation Repairs and Maintenance Actual Flexible Budget % Variance Results Flexible Budget Variance (F or U) (F or U) $ 28,500 $ 26,400 13,400 14,200 27,000 24,000 12,700 11,800 27,000 27,000 4,300 5,100 $ 112,900 $ 108,500 Total