Data table e budge 1. For ar ces, Flexible Budget Actual Flexible Variance (F or % Variance Racer-Subunit X Results Budget U (F or U) Direct Materials S 28,700 $ 26.600 Direct Labor 13,700 14,200 Indirect Labor 26,600 23.100 Utilities 12.200 11.400 Depreciation 28,000 28,000 4.400 5,200 Repairs and Maintenance 113 600 $ 108,500 Total Print Done ot - X 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 One subunit of Racer Sports Company had the following financial results last month H (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 budgeted amount rounded to two places (Enter a variance for each account on a positive number, and select whether the variance in favorable [F] or unfavorable [V] For any zero variances, enter in the variance column and then leave the For U box blank. Enter the variance percent as a percentage rounded to two decimal places, XXXX) Actual Flexible Flexible Budget Racer - Subunit X Results Budget Variance (For U) Direct Materials $ 28.700 5 26,600 Direct Labor 13.700 14,200 Indirect Labor 26,600 23,100 Utilities 12 200 11,400 Depreciation 28.000 28.000 4,400 5200 Repairs and Maintenance 113,600 $ 108.500 Total