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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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