Huang 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 $700,000
Variable
Expenses 309,000 322,000
Contribution
Margin 379,000 378,000
Traceable
Fixed
Expenses 372,000 369,000
Division
Margin $7,000 $9,000

Compute the percentage variance for the flexible budget variance for sales revenue. (Round your answer to two decimal places.)
A) 1.71% F
B) 1.71% U
C) 4.04% U
D) 4.04% F

B .B) Calculation of percentage variances of Sales Revenue:

Actual Flexible
Budget Flexible
Budget
Variance U/F Percentage Variance U/F
Sales Revenue $688,000 $700,000 $12,000 U 1.71% U