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 | $688,200 | $703,000 | ||||
| Variable Expenses | 309,000 | 320,000 | ||||
| Contribution Margin | 379,200 | 383,000 | ||||
| Traceable Fixed Expenses | 372,000 | 369,000 | ||||
| Division Margin | $7,200 | $14,000 | ||||
Compute the percentage variance for the flexible budget variance for sales revenue. (Round your answer to two decimal places.)
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Accounting Tools For Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
4th Edition
0470534788, 978-0470534786
