Alexander Consumer Products has a small car division that operates as a profit center
Below is a partially completed responsibility report for the first quarter.
Responsibility Report
Actual Flexible
Budget Flexible
Budget Variance U/F Percentage Variance U/F
Sales
Revenue $688,000 $703,000
Variable
Expenses 309,000 320,000
Contribution
Margin 379,000 383,000
Traceable
Fixed
Expenses 371,000 368,000
Division
Margin $8,000 $15,000
Compute the percentage variance for the flexible budget variance for traceable fixed expenses. (Round your answer to two decimal places.)
A) 0.82% F
B) 0.82% U
C) 1.04% U
D) 1.04% F
B .B) Calculation of percentage variances of traceable fixed expenses:
Actual Flexible
Budget Flexible
Budget
Variance U/F Percentage Variance U/F
Traceable Fixed
Expenses $371,000 $368,000 $3,000 U 0.82% U
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