Question
Katsu, Inc. has a small car division that operates as a profit center. Below is a partially completed responsibility report for the first quarter. Responsibility
Katsu, Inc. 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 | $689,000 | $705,000 | ||||
| Variable Expenses | 308,000 | 327,000 | ||||
| Contribution Margin | 381,000 | 378,000 | ||||
| Traceable Fixed Expenses | 367,000 | 355,000 | ||||
| Division Margin | $14,000 | $23,000 | ||||
Compute the percentage variance for the flexible budget variance for contribution margin. (Round your answer to two decimal places.)
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Cost Management Accounting And Control
Authors: Don R. Hansen, Maryanne Mowen
2nd Edition
0538864451, 978-0538864459
