Product Actual Budgeted Variance (U or F) variance Percentage (U or F) Direct materials $ 13,400 $ 12,500 $ 900 U % Direct labor 18,940 20,000 1,060 F % Indirect labor Utilities 35,220 30,000 5,220 U 9,555 8,750 805 U Depreciation 26,125 26,125 0 F Repairs and maintenance Total 8,430 10,000 1,570 F do do do d % % % % $ 111,670 $ 107,375 4,295 U % One subunit of Contest Sports Manufacturing Company had the following financial results last month: (Click the icon to view the financial results.) 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 12.5%? 4. Should only unfavorable variances be investigated? Explain.