Ryota Products Has an Industrial Mower Division That Operates as a Profit

Ryota Products has an industrial mower division that operates as a profit center. Below is a partially completed responsibility report for the first quarter. $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\text { Responsibility Revort }$
$$\begin{array} { |c | c | c | c | c | c | c| } \hline & \text { Actual } & \begin{array} { c } \text { Flexible } \\\text { Budget }\end{array} & \begin{array} { c } \text { Flexible } \\\text { Budget } \\\text { Variance }\end{array} & \text { U/F } & \begin{array} { c } \text { Percentage } \\\text { Variance }\end{array} & \text { U/F } \\\hline \begin{array} { c } \text { Sales } \\\text { Revenue }\end{array} & \$ 688,000 & \$ 703,000 & & & & \\\hline \begin{array} { c } \text { Variable } \\\text { Expenses }\end{array} & \underline { 309,000 } & \underline { 320,000 } & & & & \\\hline \begin{array} { c } \text { Contribution } \\\text { Margin }\end{array} & 379,000 & 383,000 & & & & \\\hline \begin{array} { c } \text { Traceable } \\\text { Fixed } \\\text { Expenses }\end{array} & \underline { 371,000 } & \underline { 368,000 } & & & & \\\hline \begin{array} { c } \text { Division } \\\text { Margin }\end{array} & \$ 8000 & \underline { \$ 15,000 } & & & & \\\hline\end{array}$$ Compute the percentage variance for the flexible budget variance for traceable fixed expenses. (Round your answer to two decimal places.)

A) 0.82% F
B) 0.82% U
C) 1.04% U
D) 1.04% F