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Home Q & A Board Other Fields Homework Help Business Accounting
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7 years ago
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) 4.04% U
C) 1.71% U
D) 4.04% F
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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