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Alexander Consumer Products has a small car division that operates as a profit center. Below is a ...

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) 1.04% F
B) 1.04% U
C) 0.82% F
D) 0.82% U

Textbook

Horngren's Financial & Managerial Accounting, The Financial Chapters

Edition: 5^th

Authors: Miller-Nobles, Mattison, Matsumura

Read 474 times

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8 years ago

Makes perfect sense, thx

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Mrgo-breed

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8 years ago

Happy to help Smiling Face with Open Mouth

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