One subunit of Speed Sports Company had the following financial results last month: (Click the icon to view the financial results.) Read the requirements. positive number, and select whether the variance is favorable [F] or unfavorable [U]. 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, X.XX%.) Speed-Subunit X Direct Materials Direct Labor Indirect Labor Utilities Depreciation Repairs and Maintenance Total $ Actual Results 28,500 $ 13,400 26,600 12,500 29,000 4,200 $ 114,200 $ Flexible Budget 26,500 13,900 23,100 11,600 29,000 5,300 109,400 Flexible Budget Variance (F or U) % Variance (F or U) % % % % % % % Choose from any list or enter any number in the input fields and then continue to the next question. i 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. Print Done X 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. ? Requirement 2. Based on the data presented, what type of responsibility center is this subunit? What type of responsibility center is this unit? Requirement 3. Which items should be invest Cost center Investment center Profit center Revenue center Requirement 4. Should only unfavorable variances be investigated? t's decision criteria is to investigate all variances exceeding $2.500 or 10%? (If a box is not used in the table. leave the box emptv.) Choose from any list or enter any number in the input fields and then continue to the next question. 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. Print Done Requirement 2. Based on the data presented, what type of responsibility center is this subunit? What type of responsibility center is this unit? Requirement 3. Which items should be investigated if part of management's decision criteria is to investigate all variances exceeding $2.500 or 10%? (If a box is not used in the table. leave the box empty.) Depreciation Direct labor Direct materials Indirect labor Repairs and maintenance Utilities Choose from any list or enter any number in the input fields and then continue to the next question. favorable variances be investigated? 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 subuni 3. Which items should be investigated if part of management's decision criteria to investigate all variances exceeding $2,500 or 10%? 4. Should only unfavorable variances be investigated? Explain. Print Done Requirement 3. Which items should be investigated if part of management's decision criteria is to investigate all variances exceeding $2,500 or 10%? (If a box is not used in the table, leave the box empty.) Requirement 4. Should only unfavorable variances b Favorable variances be investigated to allocate the favorable variance to the other accounts. find a way to make them closer to the budget. make sure the variance does not happen again. make sure they will not have a negative impact on future operations. Choose from any list or enter any number in the input fields and then continue to the next question. 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.