Using responsibility reports to evaluate cost, revenue, and profit centers One subunit of Xtreme Sports Company had the following financial results last month Les Or Flexible Budget Variance (FOTO) Variance FOFU) Subunit X Oct Materials prac Labor indirect labor unities Depreciation Actual Results $ 28,200 13,500 26,500 12,700 26,000 4,000 $ 110.900 Flexible Budget 526,100 14,200 23,500 11,600 26,000 5,000 $ 106,400 pairs and Maintenance Requirements 1. Complete the performance evaluation report for this subunit. Enter the variance percent as a percentage 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