ABC Consumer Products has a small car division that operates as a profit center. Below is a partially completed performance report for the first quarter.

How much is the percentage flexible budget variance for traceable fixed expenses?

A) 0.8 % F

B) 0.8 % U

C) 0.3 % U

D) 0.3 % F

Flexible Actual Budget Sales Revenue $688,000 $700,000 Variable expenses 309,000 320,000 Contribution margin 379,000 380,000 Traceable fixed expenses Division margin 371,000 368,000 $8,000 $12,000