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One subunit of Contest Sports Manufacturing Company had the following financial results last month: (Click the icon to view the financial results.) Requirements 1. Complete the performance evaluation report for this subunit. 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 $2,900 or 13%? 4. Should only unfavorable variances be investigated? Explain. .. 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 zero is considered favorable.) Variance Variance Data table Product Actual Budgeted 12.930 $ 12,000 Percentage (U or F) 7.75 % Direct materials $ (U or F) 930|| U 735F 3380|| U 1455|| U Direct labor B 13,265 5.25% 14,000 D A Indirect labor 23,380 20,000 1 16.90 % 9.70% Utilities 16,455 15,000 2 01002002 Contest Sports Manufacturing CompanyWater Sports S Monthly Performance Report For the Month 30.250 0 3 Depreciation Repairs and maintenance 30,250 4,205 5,000 795F 15.90 % 4 $ 100,485 $ 96,250 Actual Budgeted Variance * $ 12.930 $ 12,000 Total 4235 U 4.40% 5 Direct materials Requirement 2. Based on the data presented, what type of responsibility center is this subunit? 6 Direct labor 14,000 13,265 23,380 7 Indirect labor 20.000 This subunit is a(n) 8 Utilities 16,455 15,000 Requirement 3. Which items should be investigated if part of management's decision criteria is to investigate all variances exceeding $2,900 or 13%? (If an input field is not used in the table, leave the input field empty; do not select a label 9 Depreciation 30,250 30,250 10 Repairs and maintenance 4,205 5,000 11 Total $ 100,485 $ 96,250 *Be sure to indicate whether each variance is favorable (F) or unfavorable (U). Requirement 4. Should only unfavorable variances be investigated? Explain. Print Done Direct materials Depreciation Direct labor Direct materials Indirect labor ent Repairs and maintenance | Utilities inve Requirement 4. Should only unfavorable va favorable variances Requirement 2. Based on the data presented, what type of responsibility center is this subunit? This subunit is a(n) Requirement 3. WH ed if part of management's decision criteria is to investigate all variances exceeding $2,900 or 13%? (If an input field is not used in the table, leave the input field empt cost center. investment center. profit center. revenue center Requirement 4. Sh s be investigated? Explain