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.

	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
E. none of the above.