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Home Q & A Board Other Fields Homework Help Business Accounting
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6 years ago
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

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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Mrgo-breedMrgo-breed
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Deprecated Author
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#2
6 years ago
Makes perfect sense, thx
wrote...
#3
6 years ago
Happy to help Smiling Face with Open Mouth
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