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.

One subunit of Pike Sports Company had the following financial results last month: (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 budgeled 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 [U]. For any zero variances, enter a 0 in the variance column and then leave the For U box blank. Enter the variance percent as a percentage rounded to two decimal places, X.XX%.) Flexible Budget Varlance (F or U) Plke - Subunit x i Data Table Direct Materials Direct Labor Indirect Labor Actual Flexible Results Budget $ 28,100 $ 26,100 13,700 14,500 26,000 22,700 12,400 11,600 25,000 25,000 4,000 4.700 $ 109,200 $ 104,600 % Variance (F or U) Pike Subunit X Utilities Direct Materials Depreciation Repairs and Maintenance Actual Flexible Budget Results Flexible Budget Variance (For U) $ 28,100 $ 26,100 13,700 14,500 26,000 22,700 12,400 11,600 25,000 25,000 4,000 4,700 Total Direct Labor Indirect Labor Utilities Depreciation Repairs and Maintenance $ 109,200 $ 104,600 Total Print Done