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 management's decision criteria is to investigate all variances exceeding $2,800 or 12%? 4. Should only unfavorable variances be investigated? Explain Pri 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, X.XX%. Label each variance as favorable (F) or unfavorable (U). If the variance is 0, make sure to enter in a "0". A variance of zer considered favorable.) Variance Percentage (U or F) % Variance Product Actual Budgeted (U or F) $ 12,930 $ 12,0001 % 18 |(8) Direct materials Direct labor Indirect labor Utilities Depreciation Repairs and maintenance Total 14,000 20,000 15,000 30,250 5,000 $ 100,485 $96,250 13,265 23,380 16,455 30,250 4,205 % (9) (10) (12) (13) (14) Requirement 2. Based on the data presented, what type of responsibility center is the subunit? Requirement 2. Based on the data presented, what type of responsibility center is the subunit? This subunit is a(n) (15) Requirement 3. Which items should be investigated if part of management's decision criteria is to investigate all variances exceeding $2,800 or 12%? (if a box is not used in the table, leave the box empty, do not select a label.) (16) (17) (18) (19) (20) Requirement 4. Should only unfavorable variances be investigated? Explain (21) :Data Table favorable variances (22)- 1:Data Table Contest Sports Manufacturing Company- Fishing Accessories Subunit Monthly Performance Report For the Month Variance Product Actua Budgeted Variance* Percentage Direct materials Direct labor Indirect labor Utilities Depreciation Repairs and maintenance Total Be sure to indicate whether each variance is favorable (F) or unfavorable () $ 12,930 $ 12,000 14,000 20,000 15,000 30,250 5,000 $ 100,485 $ 96,250 13,265 23,380 16,455 30,250 4,205