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

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