Part 2: Based on the data presented, what kind of responsibility center is the subunit? This subunit is an): cost center investment center . revenue center profit center Part 3: Which items should be investigated if part of management's decision criteria is to investigate all variances exceeding $3,000 or 11.5%? (Only complete the necessary answer boxes). Requirement 3. Which items should be investigated if part of management's decision criteria is to investigate all variances exceeding $3,000 or 11.5%? (Only complete the necessary answer boxes.) The word options for each box are: Depreciation, direct labor, direct materials, indirect labor, repairs and maintenance, utilities Part 4: Should only unfavorable variances be investigated? Explain. (Yes, No), favorable variances (never need to be investigated because they increase net income, should be investigated to make sure the variance does not happen again, should be investigated to make sure they are not hurting the business in the long run.) Please label which part of the question you are answering in your solution so that I may follow along. Also, please refrain from only partially answering the question. Thank you! Show transcribed image text One subunit of Event Sports Manufacluring Company had the following financial results last month (Click the icon to view the financial resulls.) 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 exceding $3,400 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, XXX%. Label each variance as favorable (F) or unfavorable (U). If the variance is 0, make sure to enter in a "U". A variance of zero is considered favorable.) Variance Product (U or F) Data table Direct materials Direct labar Indirect labor Utilities Actual Budgeted $ 18.140 S 15.000 19.020 20.000 29 300 25.000 13, 110 12.000 19.000 19000 3,370 4,000 10 Depreciation Repairs and maintenance $ 95.000 99.940 S Talal A E 1 1 Event Sports Manufacturing Company-Golf Apparel Subunit 2 2 Monthly Performance Report 3 For the Month Variance 4. Actual Budgeted Varlance * Percentage 5 Direct materials $ 18,140 S 15.000 6 Direct labor 19,020 20.000 7 Indirect labor indir 29,300 25,000 8 Utilities 13,110 12.000 9 Depreciation 19,000 19.000 10 Repairs and maintenance 3,370 4,000 11 Total $ $ 99,940 S 95.000 "Be sure to indicate whether each variance is favorabile (F) or unfavorable: (U). Print Done