Requirement 2. Based on the data presented, what type of responsibility center is this subunit? What type of responsibility center is this unit? Requirement 3. Which items should be investigated if part of management's decision criteria is to investigate all variances exceeding $2,500 or 10%? (If a box is not used in the table, leave the box empty.) Requirement 4. Should only unfavorable variances be investigated? Favorable variances be investigated to 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 Racer 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 budgeted 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%) Actual Flexible Flexible Budget % Variance Racer - Subunit X Results Budget Variance (F or U) (F or U) Data table Direct Materials $ 28,700 $ 26,600 % Direct Labor 13,400 14,000 % Actual Flexible Budget % Variance Indirect Labor 26,900 23,800 % Racer-Subunit X Results Flexible Budget Variance (F or U) (For U) Utilities 12,500 11,400 % Direct Materials $ 28,700 $ 26,600 Depreciation 27,000 27.000 % Direct Labor 13,400 14,000 Repairs and Maintenance 5,100 6.100 % Indirect Labor 26,900 23,800 $ 113,600 $ Total 108.900 Utilities 12,500 % Depreciation 27,000 27,000 Requirement 2. Based on the data presented, what type of responsibility center is this subunit? Repairs and Maintenance 5,100 6,100 $ 113,600 $ 108,900 Total 11,400