Huang Consumer Products Has a Small Car Division That Operates $\quad$

question 181

Multiple Choice

Huang Consumer Products has a small car division that operates as a profit center.Below is a partially completed responsibility report for the first quarter. $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\text { Responsibility Report }$
$\begin{array}{|c|c|c|c|c|c|}\hline&& & \text { Flexible } & & & \\&& \text { Flexible } & \text { Budget } & & \text { Percentage } & \\&\text { Actual } & \text { Budget } & \text { Variance } & \text { U/F } & \text { Variance } & \text { U/F } \\\hline\text { Sales } & & \\\text { Revenue } & \$ 688,100 & \$ 703,000 \\\hline \begin{array}{c}\text { Variable } \\\text { Expenses }\end{array} & \underline{309,400} & \underline{322,000} \\\hline \begin{array}{c}\text { Contribution } \\\text { Margin }\end{array} & 378,700 & 381,000 \\\hline \begin{array}{c}\text { Traceable } \\\text { Fixed }\end{array} & & \\\begin{array}{c}\text { Expenses }\end{array} & \underline{371,000} & \underline{369,000} \\\hline \begin{array}{c}\text { Division } \\\text { Margin }\end{array} & \$ 7,700 & \$ 12,000 \\\hline\end{array}$
Compute the percentage variance for the flexible budget variance for sales revenue.(Round your answer to two decimal places.)

• A) 2.12% F
• B) 2.12% U
• C) 3.91% U
• D) 3.91% F

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Definitions:

Supervised

Monitored or directed by an authoritative figure or system to ensure correct practices or adherence to rules.

Interactive Media

Digital media that allows active participation or interaction from the user, as seen in video games, online platforms, and some educational software.

Intellectual Development

The growth and change in cognitive abilities and intellectual skills that occurs with age.

Cognitive Development

Refers to the progression and changes in cognitive abilities and processes that occur throughout a person's life, including thinking, problem-solving, and information processing.