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Ryota Products has an industrial mower division that operates as a profit center. Below is a partially completed responsibility report for the first quarter. Responsibility
Ryota Products has an industrial mower 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 | 688,100 | 703,000 | ||||
Variable Expenses | 309,400 | 322,000 | ||||
Contribution Margin | 378,700 | 381,000 | ||||
Traceable Fixed Expenses | 372,000 | 368,000 | ||||
Division Margin | 6,700 | 13,000 |
Compute the percentage variance for the flexible budget variance for traceable fixed expenses.
(Round
your answer to two decimal places.)
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