Zhongfang Consumer Products has a small car division that operates as a profit center. Below is a partially completed performance report for the first quarter. Flexible Flexible Budget % Actual Budget Variance U/F Variance U/F Sales Revenue $688,000 $700,000 Variable expenses 309,000 320,000 Contribution margin 379,000 380,000 Traceable fixed expenses 371,000 368,000 Division margin $8,000 $12,000 How much is the percentage flexible budget variance for traceable fixed expenses? Select one: a. 0.8 % F b. 0.8 %U C. 0.3 %U d. 0.3 %F Newman Automobiles Manufacturing is considering two alternative investment proposals with the following data: Proposal Y $500,000 5 years 5 years Proposal X Investment $10,000,000 Useful life Estimated annual net cash inflows for 5 Jyears $2,000,000 Residual value $50,000 Depreciation method Straight-line Required rate of return 12% Calculate accounting rate of return for Proposal Y. $95,000 $20,000 Straight-line 10% Select one: a. 6.57% b. 7.50% c. 10.21% d. 8.95%