One subunit of Zone Sports Company had the following financial results last month Click the loon to view the financial results.) Read the requirements Requirement 1. Complete the performance evaluation report for the subunit (Enter a variance for each account as a positive number and select whether the rounded to two decimal places, X.XX%) Actual Flexible Flexible Budget Subunit X Results Budget Variance (For U) Net Sales Revenue $ 478,000 $ 455,000 Variable Expenses 265,000 255,000 Contribution Margin $ 213,000 $ 200,000 Traceable Fixed Expenses 39,000 28,000 Divisional Segment Margin $ 174,000 $ 172,000 - X Flexi Data Table Budg 0 $ 00 45 25 Subunit X Flexible Budget% Variance (F Variance (F or U) or U) 0 $ 0 201 2 Actual Results Flexible Budget $ 478,000 $ 455,000 265,000 255,000 213,000 200,000 39,000 28,000 $ 174,000 $ 172,000 0$ Net Sales Revenue Variable Expenses Contribution Margin Traceable Fixed Expenses Divisional Segment Margin 171 Print Done - X Requirements he sy able or Fles Vari: 1. Complete the performance evaluation report for the subunit (round to two decimal places) 2. Based on the data presented and your knowledge of the company, 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 equal to or exceeding $9,000 and exceeding 10% (both criteria must be met)? 4. Should only unfavorable variances be investigated? Explain. 5. Is it possible that the variances are due to a higher-than-expected sales volume? Explain. 6. Will management place equal weight on each of the variances exceeding $9,000? Explain 7. Which balanced Scorecard perspective is being addressed through this performance report? In your opinion, is this performance report a lead or a lag indicator? Explain. 8. List one key performance indicator for the three other balanced scorecard perspectives. Make sure to indicate which perspective is being addressed by the indicators you list. Print Done d then click Check