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E24-15 (similar to) Question Help One subunit of Awesome Sports Company had the following financial results last month: EE(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 F or U box blank. Enter the variance percent as a percentage rounded to two decimal places, XXX %.) Flexible Budget Actual Flexible Requirements Awesome- Subunit X Variance (F or U) Results Budget 28,800 S Direct Materials 26,800 Direct Labor 13,700 14,300 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 23,100 Indirect Labor 26,200 11,100 Utilities 12,000 26,000 Depreciation 26,000 5,300 4,300 Repairs and Maintenance 106,600 111,000 S Total - X iData Table Flexible Budget Actual % Variance (F or U) Awesome Subunit X Results Flexible Budget Variance (F or U) 28,800 $ Direct Materials 26,800 Direct Labor 13,700 14,300 Indirect Labor 26,200 23,100 Utilities 12,000 11,100 Depreciation 26,000 26,000 4,300 5,300 Repairs and Maintenance 111,000 $ 106,600 Total