Katsu,IncHas a Small Car Division That Operates as a Profit

question 70

Multiple Choice

Katsu,Inc.has a small car division that operates as a profit center.Below is a partially completed responsibility report for the first quarter. Compute the percentage variance for the flexible budget variance for sales revenue.(Round your answer to two decimal places.)

• A) 1.69% F
• B) 1.69% U
• C) 4.04% U
• D) 4.04% F

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Definitions:

Financial Plan

A comprehensive evaluation of an individual's or organization's current pay and future financial state by using current known variables to predict future income, asset values, and withdrawal plans.

Forecast of Sales

An estimate of the future sales volume over a specific period, based on historical data, market analysis, and other factors.

Revenue

The income generated from normal business operations and includes discounts and deductions for returned merchandise.

Quarterly Cash Payments

Regular financial distributions made by a company to its shareholders every three months.